Why is ARC Finance falling/rising?

As of 24-Jul, ARC Finance Ltd's stock price is currently at 0.89, reflecting a decline of 0.02, or 2.2%. The stock has been underperforming significantly, having hit a new 52-week low of Rs.0.87 today and experiencing a consecutive fall over the last five days, resulting in an overall return of -8.25% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a very attractive valuation with a return on equity (ROE) of 4.1 and a price-to-book value of 0.8, the company has reported operating losses and weak long-term fundamental strength, which negatively impacts investor sentiment. In the broader market context, ARC Finance's performance has been notably poor compared to the benchmark Sensex, which has shown a minimal decline of only 0.09% over the past week. The stock's year-to-date return of -35.04% starkly contrasts with the Sensex's gain of 5.18%, highlighting a significant underperformance. While there has been a rise in investor participation, indicated by a 10.14% increase in delivery volume, the overall negative financial results, including a drastic fall in profit after tax and the lowest recorded PBDIT, suggest that investors remain cautious about the company's future prospects.