Why is Aarti Industries falling/rising?

As of 08-Aug, Aarti Industries Ltd. is experiencing a decline in its stock price, currently at 375.10, reflecting a decrease of 3.2 points or 0.85%. The stock has been on a downward trend, having fallen consecutively for the last two days with a total return of -2.84% during this period. Over the past week, the stock has underperformed significantly, with a return of -7.53%, and it has also shown a substantial decline of -49.66% over the past year. The company's financial performance has been poor, with profits falling by 51.5% and a low return on capital employed (ROCE) of 6.2, indicating weak fundamentals. Additionally, the stock is trading below all moving averages, and there has been a notable decrease in investor participation, with delivery volume dropping by 30.51% compared to the five-day average.
In the broader market context, Aarti Industries' performance has been notably worse than the benchmark, as it has generated a return of -18.41% over the past month compared to the Sensex's decline of only 4.60%. This stark contrast highlights the company's struggles relative to the market. Despite high institutional holdings at 26.84%, which suggest some level of confidence from larger investors, the company has declared negative results for four consecutive quarters, further contributing to its poor long-term growth outlook. Overall, the combination of declining profits, underperformance against benchmarks, and weak investor sentiment has led to the stock's current downward trajectory.