Why is ARC Finance falling/rising?

As of 28-Aug, ARC Finance Ltd's stock price is currently at Rs. 0.84, reflecting an increase of Rs. 0.01 or 1.2%. Despite this slight uptick, the stock has recently hit a new 52-week low of Rs. 0.83 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.18%, and it has experienced a significant year-to-date drop of 38.69%. Additionally, the stock's delivery volume has decreased by 15.89% compared to the 5-day average, indicating falling investor participation. The company has a weak long-term fundamental strength, with a low return on equity (ROE) of 1.35% and a concerning decline in profits, which has contributed to its expensive valuation relative to peers.
In the broader market context, ARC Finance's short-term performance has outperformed the benchmark Sensex by 2.27% today, despite the overall negative trend in the stock's performance over the past month and year. The Sensex has declined by 2.34% in the last week and has shown a modest gain of 2.48% year-to-date, contrasting sharply with ARC Finance's substantial losses. The company's majority shareholders are non-institutional, which may impact its stability and investor confidence. Overall, while there is a minor increase in the stock price today, the underlying fundamentals and broader market trends suggest ongoing challenges for ARC Finance Ltd.