Why is Asahi India Glas falling/rising?

As of 19-Sep, Asahi India Glass Ltd is experiencing a decline in its stock price, currently at Rs 878.85, which represents a decrease of Rs 34.7 or 3.8%. The stock has underperformed the sector today by 0.53% and has fallen after two consecutive days of gains, touching an intraday low of Rs 872.15. Despite this decline, the stock has shown strong performance over the past year, with a return of 23.98%, significantly outperforming the broader market, which has seen a negative return of 0.67%. However, the recent quarterly profit after tax has fallen by 35.4% compared to the previous four-quarter average, and the return on capital employed is at its lowest, which may be contributing to the stock's downward movement.
In the broader market context, while Asahi India Glass has outperformed the benchmark Sensex in the short term, with a 1-week return of 3.88% compared to the Sensex's 0.88%, the overall sentiment may be affected by the recent negative performance in the glass sector, which has declined by 3.27%. The stock's liquidity remains adequate, and there has been a rise in investor participation, but the high debt-equity ratio and expensive valuation relative to its peers could be causing caution among investors. Overall, the combination of strong long-term growth potential and recent negative financial indicators is creating a complex environment for the stock's price movement.