Why is Aether Industri. falling/rising?

As of 12-Aug, Aether Industries Ltd is experiencing a price increase, currently at Rs 736.75, reflecting a change of 3.7 (0.5%) upward. The stock has shown a trend reversal after four consecutive days of decline, although it remains close to its 52-week low, just 1.65% away from Rs 724.6. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 16.69% and a 1-year return of -16.03%. The company has reported positive results over the last three quarters, with significant growth in profit after tax and net sales, but concerns about long-term growth persist due to a relatively low return on equity and decreasing promoter confidence, as indicated by a 6.77% reduction in their stake.
In the broader market context, Aether Industries' recent performance contrasts with the Sensex, which has shown a slight decline of 0.59% over the past week. While the stock has outperformed its sector by 1.32% today, it has still lagged behind the benchmark in the longer term, with a 3-year return of -11.75% compared to the Sensex's impressive 34.93% gain. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that while there may be short-term gains, the overall outlook remains cautious as the stock struggles to regain investor confidence amidst its poor long-term growth trajectory.