Why is Aether Industri. falling/rising?

As of 11-Sep, Aether Industries Ltd is experiencing a decline in its stock price, currently at Rs 736.45, which reflects a decrease of Rs 6.75 or 0.91%. The stock has underperformed its sector by 0.77% today and is trading lower than its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has decreased by 1.68%, and it has significantly underperformed the benchmark Sensex, which has gained 1.03% in the same period. Although the company has reported positive results for the last three consecutive quarters, including a record net sales figure, its long-term growth prospects appear poor, with a low return on equity and a high price-to-book ratio suggesting overvaluation. Additionally, the recent decrease in promoter stake by 6.77% raises concerns about confidence in the company's future.
In the broader market context, Aether Industries Ltd's performance has been consistently weak compared to the benchmark, with a year-to-date return of -16.72% against the Sensex's gain of 4.36%. The stock's long-term underperformance is evident, as it has generated a return of -26.44% over the past year, while the benchmark has remained relatively flat. Despite a notable increase in investor participation, as indicated by a significant rise in delivery volume, the overall sentiment remains cautious due to the company's declining stock performance and reduced promoter confidence.