Why is Visaka Industrie falling/rising?

As of 24-Jul, Visaka Industries Ltd is currently priced at 85.00, reflecting a decrease of 0.65, or 0.76%. The stock's performance today is in line with its sector, although it is trading lower than its 5-day, 20-day, and 50-day moving averages. Over the past week, the stock has declined by 1.09%, while it has shown a slight increase of 0.83% over the past month. Despite a significant drop of 23.29% over the past year, the company recently reported positive results after a long stretch of negative quarters, with substantial growth in profit before tax and profit after tax. However, the stock's profits have fallen drastically by 388% over the same period, which may contribute to investor caution.
In the broader market context, the Sensex has shown a slight decline of 0.09% over the past week, while Visaka Industries has underperformed with a larger drop. Year-to-date, the stock has decreased by 4.02%, contrasting sharply with the Sensex's increase of 5.18%. The stock's liquidity appears adequate, with rising investor participation indicated by an increase in delivery volume. Despite trading at a discount compared to its peers, the significant drop in profits may overshadow the positive valuation metrics, leading to a cautious outlook among investors.