Why is Aarti Industries falling/rising?

As of 28-Aug, Aarti Industries Ltd. is experiencing a decline in its stock price, currently at Rs 377.00, reflecting a decrease of Rs 9.2 or 2.38%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.76% during this period. It is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has decreased by 1.36%, and it has significantly underperformed the market with a year-to-date return of -8.09% compared to a positive return of 2.48% for the Sensex. Additionally, while the stock has seen a rise in delivery volume, indicating increased investor participation, it still faces challenges due to a substantial drop in profits and negative results over the last four quarters.
In the broader market context, Aarti Industries' recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex by a notable margin. The stock's long-term growth prospects appear weak, with an annual operating profit decline of 8.45% over the last five years and a staggering 41.16% drop in returns over the past year. Despite high institutional holdings, which have increased slightly, the company's fundamentals are concerning, particularly with a return on capital employed (ROCE) of only 6.2%. This combination of poor financial results and underperformance relative to the market suggests that investors are cautious, contributing to the stock's downward trajectory.