Why is Aeroflex falling/rising?

As of 09-Sep, Aeroflex Industries Ltd is experiencing a decline in its stock price, currently at Rs 175.70, which reflects a decrease of Rs 3.3 or 1.84%. The stock has underperformed its sector by 2.14% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 175.25, indicating a downward trend. Additionally, Aeroflex is trading below all its moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 29.84% compared to the 5-day average. The company's recent financial performance has also raised concerns, with a notable decline in profit before tax, profit after tax, and net sales compared to previous quarters. Despite a low debt-to-equity ratio, the stock's valuation appears expensive relative to its return on equity and has consistently underperformed against benchmarks over the past year.
In the broader market context, Aeroflex's short-term return of 0.63% over the past week is lower than the Sensex's return of 1.18%, indicating a relative weakness in performance. The stock has generated a negative return of 13.15% year-to-date, while the Sensex has increased by 3.79% during the same period. This consistent underperformance against the benchmark, coupled with a decrease in institutional investor participation, suggests a lack of confidence in the stock's long-term growth potential, further contributing to its current price decline.