Why is Aether Industri. falling/rising?

As of 04-Sep, Aether Industries Ltd is experiencing a decline in its stock price, currently at Rs 749.00, which reflects a decrease of Rs 6.0 or 0.79%. The stock has shown a mixed performance recently, with a 1-week return of +1.90%, but it has fallen by 2.39% over the past month and has a significant year-to-date decline of 15.31%. Today's price summary indicates that the stock is close to its 52-week low, being only 3.26% away from Rs 724.6. Additionally, the stock has seen a trend reversal after four consecutive days of gains, and there is a notable drop in investor participation, with delivery volume decreasing by 31.03% against the 5-day average. While the company has reported positive results in the last three quarters, including the highest net sales and ROCE, concerns about long-term growth persist due to a low return on equity and a high price-to-book value ratio.
In the broader market context, Aether Industries has underperformed against the benchmark, with a 1-year return of -19.38% compared to the Sensex's -1.98%. This consistent underperformance over the last three years, coupled with a reduction in promoter confidence—evidenced by a 6.77% decrease in their stake—has likely contributed to the stock's downward pressure. Despite the stock trading at a discount compared to its peers, the overall sentiment remains negative, as indicated by the company's poor long-term growth prospects and the significant decline in investor participation.