Why is Aaron Industries falling/rising?

As of 23-Sep, Aaron Industries Ltd is experiencing a price increase, currently at Rs 194.67, reflecting a rise of Rs 5.07 or 2.67%. Despite this uptick, the stock has shown a negative performance over the past week, down 2.26%, and a significant decline of 54.73% over the past month. The stock is currently trading lower than its moving averages across various time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 300.76% compared to the five-day average. While the company boasts a high return on capital employed (ROCE) of 18.89% and a healthy long-term growth rate in net sales, it has also faced challenges, including a substantial drop in profit after tax and earnings per share in the latest quarter.
In the broader market context, Aaron Industries has underperformed relative to the Sensex, which has shown a slight decline of 0.28% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 45.15%, contrasting sharply with the Sensex's gain of 6.45% during the same period. This underperformance is compounded by the company's flat results in the most recent quarter and a high valuation relative to its peers, despite trading at a discount compared to historical averages. Overall, while the recent price increase may suggest some positive sentiment, the underlying financial metrics and broader market trends indicate significant challenges ahead for Aaron Industries.