Why is Aaron Industries falling/rising?

As of 15-Sep, Aaron Industries Ltd is currently priced at 200.07, reflecting a decrease of 0.54, or 0.27%. The stock has underperformed significantly, with a one-month return of -56.16% compared to a 1.78% gain in the Sensex. Today's performance indicates that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and it is close to its 52-week low, being only 1.98% away from that point. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 25.14% against the 5-day average. While the company boasts a high management efficiency with a return on capital employed (ROCE) of 18.89% and healthy long-term growth in net sales, the recent flat results, including a significant drop in profit after tax and earnings per share, have negatively impacted investor sentiment.
In the broader market context, Aaron Industries' short-term performance has been poor, with a one-week return of +0.33%, which is less than the Sensex's +1.20% return during the same period. The stock has also underperformed against the BSE500 over the last three years, one year, and three months, indicating a broader trend of declining investor confidence. Despite the company's long-term growth potential, the current valuation appears expensive relative to its peers, and the stock's negative returns over the past year, coupled with a lack of recent profitability, suggest that investors are cautious about its future performance.