Why is Airan falling/rising?

As of 04-Aug, Airan Ltd's stock price is currently at 26.98, reflecting an increase of 0.25 or 0.94%. However, the stock has underperformed its sector by 0.68% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a slight decline of 0.26%, and its performance over the last month shows a significant drop of 10.81%. Despite a 47.2% increase in profits over the past year, the stock has generated a return of -7.82%, indicating challenges in growth, particularly with net sales declining by 8.17% in the latest quarter. The company maintains a low debt-to-equity ratio of 0.02 and an attractive valuation with a price-to-book value of 2.3, but the recent financial performance, including a substantial drop in profit before tax and net sales, raises concerns about its long-term growth prospects.
In the broader market context, the Sensex has shown a positive return of 0.16% over the past week, contrasting with Airan's decline. The benchmark has also performed better over the last month, with a decrease of only 2.89% compared to Airan's more significant drop. This underperformance relative to the market may contribute to investor sentiment surrounding Airan, as the stock's liquidity remains adequate for trading, but falling investor participation suggests a lack of confidence. Overall, while the company's financial metrics indicate some strengths, the recent negative trends in sales and profitability, combined with broader market performance, contribute to the stock's current challenges.