Why is Aaron Industries falling/rising?

As of 17-Nov, Aaron Industries Ltd is experiencing a decline in its stock price, currently at 188.65, reflecting a decrease of 4.58 points or 2.37%. The stock has underperformed its sector by 2.93% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a significant drop of 7.98%, while it has managed a modest gain of 2.82% over the past month. However, its year-to-date performance is concerning, with a staggering decline of 46.84%. Despite a high management efficiency indicated by a ROCE of 18.89% and healthy long-term growth in operating profit, the stock's recent performance has been negatively impacted by flat results and a significant drop in profit after tax over the last six months.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.72% over the past week and 10.02% year-to-date. This underperformance is further highlighted by the stock's negative returns over the past year and three years, where it has lagged behind the BSE500 index. The stock's valuation appears expensive relative to its peers, with a high enterprise value to capital employed ratio, and it has generated a return of -34.78% in the last year while profits have decreased by 3.1%. Overall, the combination of poor recent financial results, high valuation concerns, and underperformance relative to the market has contributed to the stock's decline.