Why is Aaron Industries falling/rising?

As of 08-Oct, Aaron Industries Ltd is experiencing a decline in its stock price, currently at Rs. 179.14, reflecting a decrease of Rs. 2.31 or 1.27%. The stock has hit a new 52-week low of Rs. 177.1 today and has underperformed its sector by 0.99%. Over the past week, the stock has fallen by 3.69%, and its year-to-date performance shows a significant decline of 49.52%. Despite a healthy long-term growth rate in net sales of 30.63% and a high return on capital employed (ROCE) of 18.89%, the company has reported disappointing quarterly results, with a 48.5% drop in profit after tax compared to the previous four-quarter average. This combination of poor recent performance and high valuation relative to peers has contributed to the stock's downward movement.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex gaining 0.84% over the past week while Aaron Industries has declined. This underperformance is further highlighted by the stock's negative returns over various periods, including a 29.57% drop in the last year and a 10.16% decline over the past month, contrasting sharply with the Sensex's positive return of 1.10% in the same timeframe. The stock's liquidity appears adequate, with an increase in delivery volume, but overall, the combination of flat quarterly results and a significant decline in stock price indicates a challenging environment for Aaron Industries.