Why is Aether Industri. falling/rising?

As of 19-Sep, Aether Industries Ltd's stock price is currently at Rs 737.00, reflecting an increase of Rs 4.0 or 0.55%. The stock has shown a positive performance today, outperforming its sector by 0.88% and has gained for the last two consecutive days, accumulating a total return of 0.8% during this period. However, the stock is still close to its 52-week low, being only 1.68% away from Rs 724.6. Despite positive results in the last three quarters, including a significant growth in PAT and net sales, the stock has a concerning long-term growth outlook, with a poor annual operating profit growth rate of 15.74% over the past five years. Additionally, the reduction in promoter stake by 6.77% may indicate waning confidence in the company's future prospects.
In the broader market context, Aether Industries' short-term return of +0.55% over the past week is lower than the benchmark Sensex, which has risen by 0.88% during the same period. The stock has underperformed significantly over the longer term, with a year-to-date decline of -16.66% compared to the Sensex's gain of +5.74%. This consistent underperformance against the benchmark, coupled with a high Price to Book Value ratio and a low return on equity, suggests that while there may be short-term gains, the overall sentiment towards the stock remains cautious due to its historical performance and the recent decline in promoter confidence.