Why is AIA Engineering falling/rising?

As of 25-Aug, AIA Engineering Ltd is currently priced at 3,097.00, reflecting an increase of 14.2, or 0.46%. Despite this slight uptick, the stock has shown a negative trend over the past week, month, and year, with returns of -0.83%, -5.00%, and -29.77%, respectively. The stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 47.82% compared to the 5-day average. While the company boasts high management efficiency and low debt, its poor long-term growth and flat results in recent quarters, including a low return on capital employed, contribute to a negative outlook.
In the broader market context, AIA Engineering's performance has lagged behind the benchmark, with the Sensex gaining 0.45% over the past week while AIA Engineering declined. The stock's year-to-date performance is also concerning, with a decline of 8.35% compared to the Sensex's increase of 4.48%. This underperformance is compounded by the stock's high valuation metrics, such as a price-to-book ratio of 4.2, which suggests it may be overvalued relative to its peers. Overall, the combination of weak sales growth, declining profits, and underperformance against the market indicates a challenging environment for AIA Engineering, despite its recent price increase.