Why is Varroc Engineer falling/rising?

As of 15-Sep, Varroc Engineering Ltd's stock price is currently at Rs 624.00, reflecting an increase of Rs 24.0 or 4.0%. The stock has shown a positive trend today, having outperformed its sector by 2.84% and gained after three consecutive days of decline. It is also trading close to its 52-week high, just 4.01% away from Rs 649. The stock has demonstrated strong performance over various periods, with a 20.10% increase over the past month and a 55.09% increase over the last three years. However, despite these gains, there has been a notable decline in investor participation, with delivery volume falling by 63.92% against the five-day average. The company's healthy long-term growth is supported by an annual operating profit growth rate of 25.99%, a low debt-equity ratio of 0.72, and a return on capital employed (ROCE) of 18.7, indicating a fair valuation compared to peers.
In the broader market context, Varroc Engineering's recent performance has outpaced the Sensex, which has only increased by 1.24% over the past week. The stock's ability to generate an 11.03% return over the past year, while the Sensex has declined by 1.33%, highlights its resilience in a challenging market environment. Additionally, the stock's strong historical performance, with significant returns over three and five years, suggests a robust market position. Despite the recent drop in investor participation, the overall market-beating performance in both the near and long term indicates a positive outlook for Varroc Engineering Ltd.