Why is Vascon Engineers falling/rising?

As of 10-Jul, Vascon Engineers Ltd's stock price is rising, currently at Rs 54.90, reflecting an increase of Rs 1.45 or 2.71%. The stock has shown a positive trend, gaining 5.41% over the last three days and outperforming its sector by 2.83% today. It opened with a gain of 2.49% and reached an intraday high of Rs 56.2. Despite this upward movement, the stock has underperformed over the past year with a decline of 23.44%, although it has demonstrated strong long-term growth with a remarkable 160.19% increase over three years. The company has a low debt-to-equity ratio and has reported healthy operating profit growth, which supports its recent price increase. However, concerns about management efficiency and the high percentage of pledged promoter shares may pose risks to sustained growth.
In the broader market context, Vascon Engineers has outperformed the Sensex over the past week, with a return of 3.33% compared to a slight decline of 0.06% for the benchmark. While the stock has shown positive short-term performance, it has lagged behind the market over the past year, where the Sensex has gained 4.09%. This contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence, especially given its recent history of underperformance relative to the broader market.