Why is Asian Energy falling/rising?

As of 28-Aug, Asian Energy Services Ltd is currently priced at 360.80, reflecting a decrease of 6.2 points or 1.69%. Today's price summary indicates that the stock has underperformed its sector by 1.57% and has experienced a trend reversal after two consecutive days of gains. Although the stock opened with a gain of 2.92% and reached an intraday high of Rs 377.7, it also touched a low of Rs 353.15, suggesting volatility within the trading day. Over the past week, the stock has shown a positive return of 6.90%, and over the past month, it has increased by 17.81%, despite a year-to-date decline of 3.66%. The company has maintained a low debt-to-equity ratio and has reported positive results for the last eight consecutive quarters, with significant growth in profit after tax and net sales, which may support investor confidence despite the current price drop.
Broader market context shows that while Asian Energy has outperformed the Sensex over the past week and month, it has underperformed on a year-to-date basis compared to the benchmark, which has gained 2.48%. The stock's recent decline may be attributed to profit-taking after a strong performance, as indicated by the high trading volume near the low price today. The overall market sentiment appears to be mixed, with the stock's liquidity remaining adequate for trading, suggesting that while there is some investor interest, the recent price movement reflects a cautious approach in the face of broader market fluctuations.