Why is Aether Industri. falling/rising?

As of 28-Aug, Aether Industries Ltd is experiencing a slight decline in its stock price, currently at Rs 735.05, reflecting a decrease of 0.25 or 0.03%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 4.41%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the company declaring positive results for the last three consecutive quarters, including a highest net sales figure of Rs 256.14 crore, 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. Additionally, a decrease in promoter stake by 6.77% may indicate reduced confidence in the company's future.
In the broader market context, Aether Industries Ltd has underperformed compared to the Sensex, with a 1-week return of -4.17% against the benchmark's -2.34%. The stock has also generated a return of -16.66% over the past year, while the Sensex has seen a modest decline of 2.08%. This significant underperformance, coupled with the company's high valuation metrics and reduced promoter confidence, suggests that investor sentiment is cautious, contributing to the stock's current downward movement.