Why is Aether Industri. falling/rising?

As of 18-Sep, Aether Industries Ltd is currently priced at Rs 733.00, reflecting an increase of Rs 1.85 or 0.25%. The stock has been trading in a narrow range and is close to its 52-week low, just 1.15% away from Rs 724.6. Despite today's slight outperformance against its sector by 0.75%, the stock has shown a negative trend over the past week, month, and year, with returns of -0.47%, -2.53%, and -24.89%, respectively. The company has reported positive results in the last three quarters, with significant growth in profit after tax and net sales. However, it also faces challenges such as a low return on equity and a high price-to-book value, indicating an expensive valuation. Additionally, a decrease in promoter stake by 6.77% raises concerns about confidence in the company's future.
In the broader market context, Aether Industries has underperformed the benchmark, with the Sensex gaining 1.80% over the past week while Aether's stock declined. The company's long-term growth prospects appear poor, with an annual operating profit growth rate of only 15.74% over the last five years. This consistent underperformance against the benchmark and the broader market, coupled with falling investor participation and liquidity issues, suggests that while there may be short-term gains, the overall sentiment remains cautious regarding the stock's future performance.