Why is Aaron Industries falling/rising?

As of 28-Oct, Aaron Industries Ltd is experiencing a price increase, currently at 218.52, reflecting a rise of 9.27 or 4.43%. The stock has shown strong performance today, outperforming its sector by 5.42%. Additionally, the stock's delivery volume has significantly increased, rising by 1344.81% against the 5-day average, indicating rising investor participation. However, despite this positive movement, the stock has underperformed over the long term, with a year-to-date return of -38.43% and a one-year return of -17.97%. The company has reported flat results in its latest quarter, with a notable decline in profit after tax and earnings per share, which may contribute to concerns about its valuation despite a high return on capital employed and healthy long-term sales growth.
In the broader market context, Aaron Industries' short-term return of +16.79% over the past week significantly outpaces the Sensex, which has only increased by 0.26%. This suggests that the stock's recent rise may be driven by specific factors related to the company rather than overall market trends. However, the stock's long-term performance remains a concern, as it has underperformed the BSE500 over various time frames, including the past three years and one year. This mixed performance indicates that while there are positive short-term movements, the long-term outlook may still be clouded by previous underperformance and valuation concerns.