Why is Visaka Industrie falling/rising?

As of 09-Jul, Visaka Industries Ltd's stock price is rising, currently at 92.37, reflecting an increase of 4.92 (5.63%). Today's performance indicates that the stock has outperformed its sector by 5.99%, marking a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 92.37, although it is trading lower than the 5-day moving averages despite being above the 20, 50, 100, and 200-day moving averages. Over the past week, the stock has gained 1.23%, and in the last month, it has risen by 8.56%. However, it has faced challenges, including a significant drop in delivery volume by 94% compared to the 5-day average. Positive factors contributing to the recent rise include the company's declaration of positive results after ten consecutive negative quarters, with notable improvements in operating profit metrics, although the stock has still underperformed over the past year with a return of -17.93%.
In the broader market context, Visaka Industries' short-term performance has significantly outpaced the Sensex, which has only increased by 0.15% over the past week. Despite this recent uptick, the stock has consistently underperformed against the benchmark over the last three years, with a -17.93% return in the past year compared to the Sensex's 3.96% gain. The company's long-term fundamentals remain weak, with a -12.76% CAGR growth in operating profits over the last five years and a low return on equity of 8.14%. The limited interest 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, which could impact its future performance.