Why is Aaron Industries falling/rising?

As of 23-Oct, Aaron Industries Ltd is currently priced at 187.57, reflecting a slight increase of 0.46 (0.25%). Today's price summary indicates that the stock has outperformed its sector by 0.56%. However, despite this positive movement, the stock's performance over the past month shows a decline of 3.65%, and it has significantly underperformed year-to-date with a drop of 47.15%. The company has reported a high management efficiency with a return on capital employed (ROCE) of 18.89% and healthy long-term growth with net sales increasing at an annual rate of 30.63%. Nevertheless, the recent quarterly results have been disappointing, with a 48.5% decline in profit after tax compared to the previous four-quarter average, and the stock is considered expensive relative to its peers, which may contribute to investor caution.
In the broader market context, the stock's short-term return of +2.94% over the past week has outperformed the Sensex, which increased by 1.20% during the same period. However, the stock's long-term performance remains concerning, with a year-over-year decline of 28.01% compared to the Sensex's gain of 5.96%. The falling investor participation, indicated by a 15.98% decrease in delivery volume, suggests a lack of confidence among investors, which could further impact the stock's price negatively. Overall, while there are some positive indicators, the combination of disappointing recent financial results and underperformance relative to benchmarks raises concerns about the stock's future trajectory.