Why is Aaron Industries falling/rising?

As of 19-Sep, Aaron Industries Ltd's stock price is currently at Rs 200.59, reflecting an increase of Rs 2.37 or 1.2%. Despite this uptick, the stock has shown a significant decline over the past month, with a return of -53.52%. The stock is also close to its 52-week low, being only 2.24% away from Rs 196.1. Today's performance indicates that it has outperformed its sector by 1.89%, although it is trading above its 5-day moving averages but below its longer-term moving averages. The company has experienced a notable drop in investor participation, with delivery volume falling by 48.53% compared to the 5-day average. While the company boasts a high return on capital employed (ROCE) of 18.89% and healthy long-term growth in net sales, it faces challenges such as a significant drop in quarterly profit after tax and a very expensive valuation relative to its peers.
In the broader market context, Aaron Industries' recent performance contrasts sharply with the benchmark Sensex, which has gained 0.85% over the past week. The stock has underperformed the benchmark over various periods, including a -23.45% return over the last year, while the Sensex has only slightly declined by 0.35%. This underperformance, coupled with flat quarterly results and a high enterprise value to capital employed ratio, suggests that the stock is struggling to attract investor confidence despite its recent price increase. Overall, the combination of declining short-term performance, high valuation concerns, and reduced investor participation contributes to a challenging outlook for Aaron Industries in the current market environment.