Why is ARC Finance falling/rising?

As of 30-Jun, ARC Finance Ltd's stock price is currently at 1.04, reflecting an increase of 0.01 or 0.97%. Today's performance indicates that the stock has outperformed its sector by 0.45%. The stock's recent movement shows a significant rise in investor participation, with delivery volume increasing by 13.23% compared to the 5-day average. Despite this positive short-term performance, the stock has experienced a decline of 11.11% over the past month and a year-to-date drop of 24.09%. The company's return on equity stands at 4.1, and it is trading at a discount relative to its peers, which may contribute to its attractive valuation despite operating losses and weak long-term fundamentals.
In the broader market context, the stock's short-term return of +9.47% over the past week significantly outpaces the Sensex's return of +2.09%. However, the stock has underperformed the benchmark over longer periods, including a -9.43% return over the past year compared to the Sensex's +5.79%. This indicates that while there may be short-term optimism reflected in the recent price increase, the overall long-term performance remains concerning, particularly given the company's operating losses and below-par results in recent quarters.