Why is Aether Industri. falling/rising?

As of 07-Aug, Aether Industries Ltd is experiencing a decline in its stock price, currently at Rs 748.60, which reflects a decrease of Rs 10.15 or 1.34%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 2.46%. Additionally, it is trading close to its 52-week low, just 3.21% above Rs 724.6. The stock's performance over various periods shows a 1-week decline of 2.07%, a 1-month drop of 5.40%, and a year-to-date decrease of 15.35%, indicating a consistent downward trend. Despite positive results in the last three quarters, including significant growth in profit after tax and net sales, the stock's long-term growth prospects appear poor, with an annual operating profit growth rate of only 15.74% over the last five years. Furthermore, a decrease in promoter stake by 6.77% may signal reduced confidence in the company's future.
In the broader market context, Aether Industries Ltd's recent performance has been notably weaker than the benchmark, with the Sensex showing a decline of only 0.69% over the past week, compared to the stock's 2.07% drop. This underperformance is further highlighted by the stock's negative returns over the past year, where it has generated a return of -14.98%, contrasting sharply with the Sensex's positive return of 1.45%. The stock's valuation is considered expensive, with a price-to-book ratio of 4.5, despite trading at a discount compared to its peers. Overall, the combination of declining stock performance, reduced promoter confidence, and poor long-term growth prospects contributes to the stock's current downward trajectory.