Why is Aether Industri. falling/rising?

As of 26-Aug, Aether Industries Ltd is experiencing a decline in its stock price, currently at Rs 735.30, which reflects a decrease of Rs 23.95 or 3.15%. The stock has underperformed its sector today by 1.28% and has been on a downward trend, falling consecutively for the last two days with a total drop of 4.38%. It is also trading close to its 52-week low, just 1.46% away from Rs 724.6. The stock's performance over the past week shows a decline of 3.89%, and it has underperformed the benchmark Sensex, which has only decreased by 1.05%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. While the company has reported positive results in the last three quarters, including a high return on capital employed and net sales, concerns about poor long-term growth and decreasing promoter confidence, with a 6.77% reduction in their stake, have negatively impacted investor sentiment.
In the broader market context, Aether Industries Ltd's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.89% compared to the Sensex's -1.05%. This underperformance is compounded by the company's overall negative returns year-to-date, which stand at -16.85%, while the Sensex has gained 3.39% in the same period. The stock's declining investor participation, evidenced by a significant drop in delivery volume, further reflects a lack of confidence among investors. The combination of these factors suggests that the market is reacting negatively to the company's long-term growth prospects, despite some recent positive financial results.