Why is AIA Engineering falling/rising?

As of 23-Jun, AIA Engineering Ltd's stock price is currently at 3,295.00, reflecting a decline of 25.3 points or 0.76%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decrease of 3.28% during this period. Although the stock opened with a gain of 4.38% today and reached an intraday high of Rs 3,465.7, it has still underperformed its sector by 0.71%. Over the past week, the stock has declined by 2.66%, and it has also shown a negative trend over the past month and year, with returns of -0.52% and -22.22%, respectively. While the company boasts high management efficiency with a return on equity (ROE) of 15.46% and a low debt-to-equity ratio, its long-term growth prospects appear poor, with net sales and operating profit growth rates of only 7.54% and 12.43% over the last five years.
In the broader market context, AIA Engineering's recent performance contrasts sharply with the Sensex, which has shown a slight gain of 0.12% over the past week and a more substantial increase of 4.81% year-to-date. This underperformance is compounded by the stock's flat results in March, where key financial ratios indicated a decline in efficiency and profitability. The stock's valuation is considered expensive, trading at a price-to-book value of 4.5, which may deter potential investors. Additionally, the stock has underperformed the BSE 500 index over the last three years, one year, and three months, indicating a broader trend of declining investor confidence in the company's future growth potential.