Why is ARC Finance falling/rising?

As of 24-Jun, ARC Finance Ltd's stock price is currently at 0.99, reflecting an increase of 0.04 or 4.21%. The stock has recently experienced a trend reversal, gaining after ten consecutive days of decline. Despite this positive movement, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock hit a new 52-week low of Rs. 0.91 earlier today. While it has underperformed the market over the past week and month, with returns of -13.91% and -1.00% respectively, it has shown a significant profit increase of 377% over the past year, despite a negative return of -14.51%. The stock is trading at a discount compared to its peers, with an attractive valuation indicated by a Price to Book Value of 0.9. However, the company is facing operating losses and has weak long-term fundamental strength, which raises concerns among investors.
In the broader market context, the Sensex has shown a slight positive return of 0.58% over the past week and 0.41% over the past month, contrasting with ARC Finance's negative performance during the same periods. The stock's recent price increase, despite its overall downward trend, suggests a potential recovery driven by rising investor participation, as evidenced by a significant increase in delivery volume. However, the company's weak financial results, including substantial operating losses, may continue to weigh on investor sentiment. Overall, while there are some positive indicators for ARC Finance, the broader market performance and the company's fundamental challenges create a complex picture for its stock price movement.