Why is Aether Industri. falling/rising?

As of 01-Sep, Aether Industries Ltd is experiencing a price increase, currently at Rs 740.10, reflecting a rise of 4.6 points or 0.63%. The stock has been gaining for the last two days, with a return of 0.69% during this period. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential struggle in maintaining upward momentum. Despite positive results over the last three consecutive quarters, including the highest net sales and ROCE, the stock has underperformed significantly over the past year, with a decline of 16.82% compared to the benchmark. Additionally, a decrease in promoter stake by 6.77% may signal reduced confidence in the company's future, contributing to the stock's mixed performance.
In the broader market context, Aether Industries has shown a short-term return of -2.52% over the past week, which is worse than the Sensex's decline of 1.56% during the same period. This consistent underperformance against the benchmark over the last three years highlights ongoing challenges for the company, as it has generated negative returns while the broader market has seen gains. The liquidity of the stock remains adequate, but falling investor participation, as indicated by a significant drop in delivery volume, suggests waning interest among investors, further complicating its recovery prospects.