Why is Asian Energy falling/rising?

As of 14-Aug, Asian Energy Services Ltd's stock price is currently at Rs 332.65, reflecting a decline of Rs 14.5 or 4.18%. Today's performance indicates that the stock has underperformed its sector by 3.69% and has experienced a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 329.95, and trading volume was higher near this low price. Despite a positive trend in investor participation, with a significant increase in delivery volume, the stock's long-term growth prospects are hindered by a negative annual operating profit growth rate of -1.29% over the last five years. Additionally, while the company has reported strong sales and profit growth in recent quarters, the high Price to Book Value ratio and low domestic mutual fund ownership suggest concerns about its valuation and long-term stability.
In the broader market context, Asian Energy's short-term return over the past week is +0.17%, which is slightly better than the Sensex's decline of -0.03%. However, over the past month, the stock has outperformed the benchmark with a return of +15.06% compared to the Sensex's -2.01%. Despite this recent outperformance, the stock's year-to-date performance shows a decline of -11.17%, contrasting with the Sensex's gain of +3.15%. This disparity highlights the stock's volatility and the market's cautious sentiment regarding its future growth potential.