Why is Visaka Industrie falling/rising?

As of 03-Jul, Visaka Industries Ltd's stock price is currently at Rs 93.50, reflecting an increase of Rs 2.25 or 2.47%. Today's price movement shows that the stock opened lower with a loss of 3.18% but managed to reach an intraday high of Rs 93.50, indicating some recovery. Over the past week, the stock has outperformed the sector by 2.21%, and it is trading above its moving averages across various time frames. However, the stock has faced challenges, including a significant decline in delivery volume, which fell by 28.42% compared to the 5-day average. Despite a recent declaration of positive results after ten consecutive negative quarters, the stock has still generated a return of -18.02% over the past year, with profits declining sharply by 388%.
In the broader market context, Visaka Industries has shown a short-term return of 11.64% over the past week, contrasting with a slight decline of 0.62% in the Sensex. While the stock has outperformed the benchmark in the short term, it has consistently underperformed over the longer term, with a negative return of -18.02% in the past year and underperformance against the BSE500 in the last three years. The weak long-term fundamental strength, indicated by a -12.76% CAGR growth in operating profits over the last five years and low domestic mutual fund interest, suggests that investors may remain cautious despite recent positive developments.