Why is Aether Industri. falling/rising?

As of 13-Nov, Aether Industries Ltd's stock price is rising, currently at Rs 773.80, reflecting an increase of Rs 30.6 or 4.12%. The stock has shown strong performance today, outperforming its sector by 5.09% and achieving a consecutive gain over the last two days with a total return of 6.47%. It reached an intraday high of Rs 802.5, which is a significant increase of 7.98%. Despite this positive movement, the stock has a negative year-to-date return of -12.50% and has underperformed the benchmark over the past year, generating a return of -5.82%. The company has reported positive results for the last three consecutive quarters, with a substantial growth in PAT and net sales, which may contribute to the recent price increase. However, the stock's long-term growth prospects are hindered by a low ROE and a high Price to Book Value ratio, indicating a potentially expensive valuation.
In the broader market context, Aether Industries Ltd has outperformed the Sensex in the short term, with a 1-week return of +3.31% compared to the benchmark's +1.40%. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years, with a return of -12.27%. Additionally, there has been a decline in institutional investor participation, which may signal caution among more sophisticated investors regarding the stock's future prospects. The liquidity of the stock remains adequate, but the falling delivery volume suggests a potential decrease in investor interest, which could impact future price movements.