Why is Aaron Industries falling/rising?

As of 24-Sep, Aaron Industries Ltd is experiencing a decline in its stock price, currently at Rs 191.30, reflecting a decrease of Rs 3.37 or 1.73%. The stock has underperformed its sector by 1.27% today and is trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.96% away from Rs 187.56. Over the past week, the stock has fallen by 3.65%, and its year-to-date performance shows a significant decline of 46.10%. Despite a high management efficiency with a return on capital employed (ROCE) of 18.89% and healthy long-term growth in net sales, the recent quarterly results have been disappointing, with a 48.5% drop in profit after tax compared to the previous four-quarter average.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex declining only 1.08% over the same week. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 39.61% against the five-day average. The stock's valuation appears expensive relative to its peers, despite trading at a discount compared to historical averages. Overall, the combination of poor recent financial results, declining investor interest, and a lack of positive momentum in the market contributes to the stock's downward trajectory.