Why is AIA Engineering falling/rising?

As of 29-Aug, AIA Engineering Ltd's stock price is currently at 3,053.00, reflecting an increase of 27.0 or 0.89%. The stock has shown a trend reversal by gaining after two consecutive days of decline, although it remains close to its 52-week low, just 1.72% away from Rs 3000.6. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 9.66% and a significant drop of 29.45% over the past year. Positive factors include high management efficiency with a return on equity (ROE) of 15.46%, a low debt-to-equity ratio, and substantial institutional holdings at 39.03%. However, the company faces challenges such as poor long-term growth, flat results in June, and a high price-to-book value ratio, which contribute to its expensive valuation.
In the broader market context, AIA Engineering's short-term performance has outperformed the Sensex, which declined by 1.84% over the past week while AIA Engineering fell by only 0.97%. This indicates that, despite its struggles, the stock is faring better than the overall market in the short term. However, the stock's long-term performance remains concerning, as it has lagged behind the BSE500 index over various time frames, including the last three years and one year. The combination of recent gains and persistent long-term challenges suggests a complex outlook for AIA Engineering's stock price movement.