Why is Asian Energy falling/rising?

As of 24-Sep, Asian Energy Services Ltd is experiencing a decline in its stock price, currently at Rs 339.00, which reflects a decrease of Rs 8.8 or 2.53%. The stock has underperformed its sector by 2.21% today and has been on a downward trend for the last two days, accumulating a total loss of 4.16%. Although the stock opened with a gain of 4.08% and reached an intraday high of Rs 362, it ultimately fell to its current low. The stock's performance over the past week shows a decline of 2.15%, while it has seen a modest increase of 1.65% over the past month. Despite positive financial results in recent quarters, including significant growth in net sales and profit after tax, the stock's recent volatility and falling investor participation, with a delivery volume drop of 71.12%, have contributed to its current price decline.
In the broader market context, Asian Energy's short-term performance has been weaker than the benchmark Sensex, which has only declined by 1.18% over the past week. Year-to-date, Asian Energy's stock has fallen by 9.48%, contrasting with the Sensex's gain of 4.58%. This divergence highlights the challenges faced by Asian Energy despite its strong financial fundamentals, such as a low debt-to-equity ratio and consistent positive results over the last eight quarters. The combination of high volatility, reduced investor interest, and underperformance relative to the benchmark suggests that market sentiment may be weighing heavily on the stock, leading to its current downward trajectory.