Why is AIA Engineering falling/rising?

As of 07-Aug, AIA Engineering Ltd is experiencing a decline in its stock price, currently at 3,155.00, reflecting a decrease of 34.1 points or 1.07%. The stock has underperformed its sector today by 0.25% and is close to its 52-week low, being only 4.75% away from the low of Rs 3005.1. Over the past week, the stock has shown a slight increase of 0.64%, but it has declined by 5.96% over the past month and 29.49% over the past year. Despite having a high management efficiency indicated by a return on equity (ROE) of 15.46% and low debt levels, the stock's long-term growth prospects appear poor, with net sales growth at only 7.54% annually over the last five years and a significant drop in profits over the past year.
In the broader market context, AIA Engineering's recent performance contrasts with the benchmark Sensex, which has shown a decline of 0.69% over the past week and a positive return of 3.18% year-to-date. This indicates that while the stock has seen some short-term gains, it is still lagging behind the overall market performance. The company's valuation appears expensive relative to its peers, with a price-to-book value of 4.3, and it has underperformed both the BSE500 and its sector over various time frames. The combination of flat results, low returns on capital employed, and a significant drop in profits has contributed to the stock's negative trajectory, leading to a cautious outlook among investors.