Why is Airan falling/rising?

As of 02-Jul, Airan Ltd's stock price is currently at 31.43, reflecting a decrease of 0.56, or 1.75%. The stock has recently underperformed its sector by 1.84% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, Airan's stock has shown positive performance over the past week and month, with returns of 3.94% and 17.85%, respectively. The stock is trading above its moving averages, indicating some strength, and there has been a rise in investor participation with a 2.79% increase in delivery volume compared to the five-day average. However, the company faces challenges, including a significant drop in profit before tax and net sales, which has contributed to a negative sentiment around its growth prospects.
In the broader market context, while Airan has shown a strong short-term return compared to the Sensex over the past week and month, it has underperformed year-to-date, with a decline of 4.47% against the Sensex's gain of 6.75%. The stock's premium valuation compared to peers and its low debt-to-equity ratio suggest some stability, but the poor long-term growth metrics, such as a 13.04% annual growth rate in net sales and a significant drop in quarterly profits, raise concerns among investors. Overall, while there are some positive indicators, the recent financial performance and market conditions appear to be weighing on Airan's stock price.