Why is Aeroflex falling/rising?

As of 01-Sep, Aeroflex Industries Ltd is currently priced at 174.75, reflecting an increase of 4.15 or 2.43%. Today, the stock has shown a trend reversal, gaining after seven consecutive days of decline, and it outperformed its sector by 1.22%. Despite this positive movement, the stock has underperformed over the past week and month, with returns of -2.89% and -6.38%, respectively. Additionally, the stock is trading below its moving averages across various timeframes, indicating a bearish trend. The company's financial performance has raised concerns, particularly with significant declines in profit before tax, profit after tax, and net sales in the most recent quarter compared to previous averages. Furthermore, the stock's valuation appears expensive relative to its return on equity, and institutional investor participation has decreased, suggesting a lack of confidence among larger investors.
In the broader market context, the Sensex has shown a decline of -1.56% over the past week and -0.29% over the past month, indicating that the market sentiment is somewhat negative but less severe than Aeroflex's performance. While the stock has generated a modest return of 4.58% over the past year, this is juxtaposed against a backdrop of poor long-term growth and a high price-to-book value ratio. The decline in institutional investor stakes further underscores a cautious outlook on the stock, which may contribute to its recent volatility despite today's uptick.