Why is ARC Finance falling/rising?

As of 28-Jul, ARC Finance Ltd's stock price is currently at Rs. 0.88, reflecting an increase of Rs. 0.04 or 4.76%. Today's price summary indicates that the stock has outperformed its sector by 6.13% and has experienced a trend reversal after six consecutive days of decline. Despite hitting a new 52-week low of Rs. 0.83 earlier today, the stock's trading volume has seen a significant rise, with a 65.08% increase in delivery volume compared to the five-day average. However, the stock continues to trade below its moving averages across various time frames, indicating ongoing weakness. Over the past year, while the stock has generated a return of -24.65%, it has seen a substantial profit increase of 377%, suggesting a disconnect between stock performance and underlying profitability. The company's attractive valuation, with a Price to Book Value of 0.8, contrasts with its weak long-term fundamentals due to operating losses.
In the broader market context, ARC Finance's short-term performance has been notably poor, with a 1-week return of -7.37%, compared to a decline of only -1.59% in the Sensex during the same period. This indicates that the stock is underperforming relative to the benchmark index. The company's weak long-term fundamentals, highlighted by significant operating losses and flat quarterly results, further contribute to the stock's struggles. Despite the recent uptick in price, the overall trend suggests that investor sentiment remains cautious, particularly given the substantial losses reported in recent financial results.