Why is Aaron Industries falling/rising?

As of 15-Oct, Aaron Industries Ltd is experiencing a slight decline in its stock price, currently at Rs 178.08, which reflects a decrease of 0.17 or 0.1%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.16% away from Rs 176.01. Over the past week, the stock has dropped by 0.59%, and it has seen a significant decline of 10.99% over the past month. Despite a high management efficiency indicated by a return on capital employed (ROCE) of 18.89% and healthy long-term growth in net sales, the stock's recent performance has been negatively impacted by flat quarterly results, including a 48.5% drop in profit after tax compared to the previous four-quarter average.
In the broader market context, the stock's performance has been underwhelming compared to the benchmark Sensex, which has gained 1.11% over the past week. Aaron Industries has generated a return of -37.30% over the last year, significantly underperforming the BSE500 index in both the short and long term. The stock's valuation appears expensive with a high enterprise value to capital employed ratio of 5.6, and while it is trading at a discount compared to its peers' historical valuations, the recent profit growth of 12.6% has not translated into positive stock performance. Overall, the combination of poor quarterly results, underperformance against the market, and high valuation concerns contributes to the stock's current downward trajectory.