Why is Aether Industri. falling/rising?

As of 14-Aug, Aether Industries Ltd's stock price is currently at Rs 739.50, reflecting a decrease of Rs 12.5 or 1.66%. The stock has underperformed its sector today, with a performance that is 1.71% lower than its peers. It is also trading close to its 52-week low, just 2.01% above Rs 724.6. The stock has shown a negative trend, having fallen after two consecutive days of gains, and is currently trading below all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Additionally, there has been a decline in investor participation, with delivery volume down by 11.03% compared to the 5-day average. Despite declaring positive results over the last three quarters, including significant growth in PAT 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.
In the broader market context, Aether Industries Ltd has experienced a 1.22% decline over the past week, while the Sensex has remained relatively flat with a change of -0.03%. The stock has significantly underperformed the benchmark over the last year, with a return of -17.54% compared to the Sensex's gain of 1.89%. The company's decreasing promoter stake by 6.77% in the last quarter raises concerns about future confidence in the business, further contributing to the stock's downward pressure. Overall, the combination of poor long-term growth, reduced investor participation, and declining promoter confidence has led to the stock's recent price decline.