Why is Varroc Engineer falling/rising?

As of 17-Sep, Varroc Engineering Ltd is experiencing a rise in its stock price, currently at Rs 642.70, reflecting an increase of Rs 10.95 or 1.73%. The stock has shown strong performance recently, gaining 7.12% over the last three days and is just 0.98% away from its 52-week high of Rs 649. It has outperformed its sector by 1.77% today and is trading above all its moving averages, indicating positive momentum. Additionally, the stock's delivery volume has significantly increased, suggesting rising investor participation. Despite a notable drop in profits over the past year, the company maintains a healthy operating profit growth rate and a favorable debt-equity ratio, contributing to a fair valuation compared to its peers.
In the broader market context, Varroc Engineering's short-term performance has outpaced the Sensex, which has risen by 1.56% over the past week, while Varroc's stock has increased by 5.46% in the same period. This trend of outperformance is consistent with its long-term returns, where it has generated an 18.63% return over the past year, significantly better than the Sensex's decline of 0.46%. The stock's ability to outperform the benchmark in both the near and long term highlights its strong market position, despite the challenges reflected in its profit figures.