Why is Aarti Industries falling/rising?

As of 01-Jul, Aarti Industries Ltd. is experiencing a price increase, currently at 484.30, reflecting a rise of 4.8 or 1.0%. The stock has shown strong performance recently, gaining 10.58% over the last eight days and outperforming its sector by 2.17% today. Additionally, the stock has positive short-term returns, with a 6.64% increase over the past week and a 3.30% increase over the past month. However, it is important to note that despite these recent gains, the stock has underperformed over the past year, with a significant decline of 31.26%. The company's return on capital employed (ROCE) is relatively low at 6.2, and while it trades at a discount compared to peers, its profits have decreased by 21.1% over the past year, contributing to a mixed outlook.
In the broader market context, Aarti Industries has outperformed the Sensex in the short term, with a 6.64% return over the past week compared to the benchmark's 2.00%. However, the stock's long-term performance remains concerning, as it has underperformed the market significantly over the past year, with the Sensex generating a positive return of 5.31% while Aarti Industries has seen a decline. The stock's high institutional holdings at 26.27% may provide some support, as these investors typically have better resources to analyze the company's fundamentals. Nonetheless, the company has reported negative results for the last three consecutive quarters, which raises concerns about its long-term growth potential.