Why is Visaka Industrie falling/rising?

As of 27-Jun, Visaka Industries Ltd is experiencing a price increase, currently at Rs 85.47, reflecting a rise of Rs 1.72 or 2.05%. Despite opening the day with a loss of 2.08%, the stock reached an intraday high of Rs 88.95, indicating some recovery during the trading session. Over the past week, the stock has outperformed its sector by 1.03%, although it has shown a decline of 0.67% over the past month. The company recently declared positive results after ten consecutive negative quarters, with significant improvements in operating profit metrics. However, it has also faced challenges, including a substantial year-over-year return decline of 26.76% and a weak long-term fundamental strength characterized by a negative CAGR growth in operating profits over the last five years.
In the broader market context, the Sensex has increased by 2.00% over the past week, while Visaka Industries has outperformed this benchmark with a 6.62% gain. However, the stock has consistently underperformed against the benchmark over the last three years, raising concerns among investors. The low participation from domestic mutual funds, holding only 0.1% of the company, may indicate a lack of confidence in the stock's valuation or business prospects. Despite its attractive valuation compared to peers, the significant drop in profits and the company's historical underperformance could contribute to cautious sentiment among investors, impacting future price movements.