Why is Aaron Industries falling/rising?

As of 27-Oct, Aaron Industries Ltd is experiencing a price increase, currently at 209.25, reflecting a change of 19.85 or 10.48%. The stock has outperformed its sector today by 9.91%, although it is trading below its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 15.83%, while it has gained 9.94% over the past month. However, it has shown a significant decline of 41.04% year-to-date and 18.13% over the past year. The company has high management efficiency with a return on capital employed (ROCE) of 18.89% and has seen healthy long-term growth with net sales increasing at an annual rate of 30.63%. Despite these positives, the company reported flat results in June, with a substantial drop in profit after tax and earnings per share, contributing to its underperformance in the long term.
In the broader market context, the Sensex has only increased by 0.48% over the past week and 5.32% over the past month, indicating that Aaron Industries is significantly outperforming the benchmark in the short term. However, the stock has underperformed the BSE500 over the last three years, one year, and three months, which may contribute to investor caution. The stock's valuation is considered expensive relative to its peers, despite trading at a discount compared to historical averages. The falling investor participation, with a decline in delivery volume, suggests a potential lack of confidence among investors, which could impact future price movements.