Why is Visaka Industrie falling/rising?

As of 04-Jul, Visaka Industries Ltd is currently priced at 93.49, reflecting a slight decline of -0.01 (-0.01%). The stock has shown a strong performance over the past week and month, with returns of +9.38% and +9.74%, respectively, while it has underperformed the sector by -0.28% today. Despite trading above its moving averages across various time frames, the stock has experienced a significant drop in investor participation, with delivery volume falling by -93.01% compared to the 5-day average. The company recently reported positive results after a long period of negative performance, indicating a potential turnaround, yet it still faces challenges with a -12.76% CAGR growth in operating profits over the last five years and a substantial decline in profits over the past year.
In the broader market context, while Visaka Industries has outperformed the Sensex in the short term, it has consistently underperformed against the benchmark over the last three years, generating a -19.92% return in the past year compared to the Sensex's +4.23%. The stock's valuation appears attractive compared to its peers, but the low stake held by domestic mutual funds suggests a lack of confidence in the company's long-term prospects. This combination of short-term gains and long-term concerns contributes to the stock's current price movement, reflecting a complex interplay of positive developments and persistent weaknesses.