Why is ARC Finance falling/rising?

As of 25-Jun, ARC Finance Ltd is experiencing a price increase, currently trading at 1.03, which reflects a rise of 0.04 or 4.04%. The stock has shown a positive performance today, outperforming its sector by 3.43% and has gained consecutively over the last two days, resulting in an overall return of 8.42% during this period. However, despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date return of -24.82% and a one-year return of -9.52%. The company has a low return on equity of 4.1 and is trading at a discount compared to its peers, which could attract some investors. Nonetheless, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by its negative profit after tax and lowest recorded earnings before interest and taxes.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has gained 1.61% over the past week, while ARC Finance has declined by 6.36% in the same timeframe. Despite the stock's recent uptick, its long-term performance remains concerning, as it has underperformed the BSE 500 over the last three years, one year, and three months. The rising investor participation, indicated by a significant increase in delivery volume, may suggest a potential shift in sentiment, but the overall weak financial results and operating losses continue to weigh heavily on the stock's outlook.