Why is ARC Finance falling/rising?

As of 01-Sep, ARC Finance Ltd is experiencing a decline in its stock price, currently at Rs. 0.83, which reflects a decrease of Rs. 0.01 or 1.19%. The stock has hit a new 52-week low of Rs. 0.81 today and has underperformed its sector by 2.8%. Additionally, ARC Finance is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has shown significant underperformance over various periods, with a year-to-date decline of 39.42% and a one-year drop of 46.13%. The company also faces weak long-term fundamentals, highlighted by a low return on equity (ROE) of 1.35% and a substantial fall in profits, with a 95.8% decrease in profit after tax in the latest quarter.
In the broader market context, while the Sensex has seen a slight increase of 2.85% year-to-date, ARC Finance's performance has been starkly negative, with a 1-month return of -8.79% compared to the benchmark's -0.29%. This stark contrast emphasizes the stock's struggles relative to the overall market. The decline in investor participation, with a 29.05% drop in delivery volume against the 5-day average, further exacerbates the stock's challenges. The majority shareholders being non-institutional may also contribute to the stock's volatility and lack of confidence among investors, reinforcing the perception of it being a strong sell.