Why is Aaron Industries falling/rising?

As of 18-Sep, Aaron Industries Ltd is experiencing a decline in its stock price, currently at Rs 198.22, which reflects a decrease of 0.33 or 0.17%. The stock has underperformed significantly, with a 1-week return of -0.68% and a staggering 1-month return of -55.02%. Today's performance shows that the stock is trading lower than all its moving averages, and it is close to its 52-week low, just 1.07% away from Rs 196.1. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 35.86% compared to the 5-day average. Despite high management efficiency indicated by a ROCE of 18.89% and healthy long-term growth in net sales, the stock's recent performance has been marred by flat quarterly results, including a significant drop in PAT and EPS, leading to a perception of an expensive valuation.
In the broader market context, Aaron Industries' performance has been notably poor compared to the benchmark, with the Sensex gaining 1.67% over the past week while Aaron Industries has lost ground. The stock has underperformed the BSE500 over various time frames, including the last year and three years, which highlights its struggle in both short-term and long-term performance. This underperformance, coupled with the recent flat results and declining investor interest, contributes to a negative sentiment surrounding the stock, reinforcing the perception that it may not be a favorable investment at this time.