Why is Artificial Elect falling/rising?

As of 28-Aug, Artificial Electronics Intelligent Material Ltd is experiencing a decline in its stock price, currently at Rs 87.82, which represents a decrease of Rs 4.18 or 4.54%. The stock has been underperforming, having fallen consecutively over the last two days, resulting in a total drop of 5.97%. Today, it opened with a gain of 2.17% but quickly fell to an intraday low of Rs 87.82. Over the past week, the stock has decreased by 3.97%, and its year-to-date performance shows a significant decline of 77.06%. Despite positive financial results in terms of net sales and operating profit growth, the company's low return on equity of 5.00% and high valuation metrics have raised concerns among investors, contributing to the stock's downward trend.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a 1-month return of -12.92% compared to the Sensex's -1.00%. This underperformance is further highlighted by the stock's significant decline over the past year, where it has generated a return of -35.53%, contrasting sharply with the Sensex's modest decline of 2.08%. Additionally, the falling investor participation, as indicated by a 52.84% drop in delivery volume, suggests a lack of confidence in the stock, further exacerbating its price decline. Overall, the combination of poor management efficiency, high valuation, and underperformance relative to the market has led to the stock's current downward trajectory.