Why is Visaka Industrie falling/rising?

As of 01-Sep, Visaka Industries Ltd is experiencing a price increase, with the current price at Rs 83.84, reflecting a change of 1.82 (2.22%) upward. Today's price summary indicates that the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 84.5. However, it underperformed its sector by 0.67%. Over the past week, the stock has decreased by 3.96%, and year-to-date, it has fallen by 5.33%. Despite these declines, the company has reported very positive results, including a significant net profit growth of 423.49% in the last quarter and positive results for the last two consecutive quarters. The stock is trading at a discount compared to its peers, which may contribute to its recent upward movement.
Broader market context shows that while Visaka Industries has struggled with a year-over-year return of -25.41%, the benchmark Sensex has only declined by 2.43% in the same period. In the short term, the stock's performance has been weaker than the benchmark, as indicated by its 1-week return of -3.96% compared to the Sensex's -1.56%. The construction materials sector has gained by 2.91%, which may provide some support for Visaka Industries' recent price increase. However, falling investor participation, as evidenced by a significant drop in delivery volume, suggests caution among investors despite the company's strong financial performance.