Why is Vascon Engineers falling/rising?

As of 26-Jun, Vascon Engineers Ltd is experiencing a price increase, with the current price at Rs 53.96, reflecting a rise of Rs 1.46 or 2.78%. The stock has shown strong performance recently, gaining 12.14% over the last three days and outperforming its sector by 2.11% today. It has also touched an intraday high of Rs 54.38, and is trading above all key moving averages, indicating positive momentum. Additionally, the company has demonstrated healthy long-term growth, with a significant increase in operating profit and a low debt-to-equity ratio, which contributes to its attractive valuation compared to peers.
In the broader market context, Vascon Engineers has outperformed the Sensex over the past week, with a return of 13.05% compared to the benchmark's 2.94%. However, it has underperformed on a year-to-date basis, with a return of 1.81% against the Sensex's 7.19%. The rising investor participation, indicated by a 33.16% increase in delivery volume, suggests growing confidence in the stock, which may be contributing to its recent upward movement. Overall, while the stock has faced challenges over the past year, its recent performance and positive financial indicators are driving its current rise.