Why is AIA Engineering falling/rising?

As of 04-Sep, AIA Engineering Ltd's stock price is currently at 3,072.80, reflecting a decrease of 2.2 points or 0.07%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 1.07%. Although the stock has outperformed its sector by 0.74% today, it is still close to its 52-week low, being only 2.35% away from that mark. Over the past year, AIA Engineering has seen a significant decline of 30.07%, and its long-term growth prospects appear poor, with net sales growing at an annual rate of only 8.77%. Despite having a high return on equity (ROE) of 15.46% and low debt levels, the stock's valuation is considered expensive, which may deter investors.
In the broader market context, AIA Engineering's short-term performance of +1.55% over the past week is notably better than the Sensex's +0.80% return. However, the stock's year-to-date performance shows a decline of 9.07%, contrasting sharply with the Sensex's gain of 3.30%. The company's flat results in June and low return on capital employed (ROCE) further contribute to its underwhelming performance, indicating that it has not kept pace with the broader market trends. Additionally, while institutional holdings are high at 39.03%, suggesting some confidence from larger investors, the overall sentiment remains cautious due to the stock's poor long-term growth and recent declines.