Why is Visaka Industrie falling/rising?

As of 25-Aug, Visaka Industries Ltd is experiencing a price increase, currently at Rs 87.30, reflecting a rise of 2.01 or 2.36%. The stock has outperformed its sector today by 3.13%, reaching an intraday high of Rs 87.30. Over the past week, the stock has shown a positive return of 5.00%, while its performance over the last month is also favorable at 4.09%. Despite a significant decline of 25.92% over the past year, the company has reported very positive financial results, including a remarkable 423.49% growth in net profit and strong operating profit metrics. However, concerns remain regarding its long-term growth potential, as the operating profit has decreased at an annual rate of 9.97% over the last five years, and domestic mutual funds hold only a minimal stake in the company, indicating potential investor hesitance.
In the broader market context, Visaka Industries has significantly outperformed the Sensex, which has only increased by 0.45% over the past week. This contrast highlights the stock's recent strength despite its overall underperformance in the longer term, where it has lagged behind the market with a 25.92% decline compared to the BSE500's negative return of 2.11% over the last year. The stock's current upward movement may be attributed to its recent positive earnings announcements and attractive valuation metrics, despite the ongoing concerns about its long-term growth trajectory and investor participation.