Why is ARC Finance falling/rising?

As of 03-Sep, ARC Finance Ltd is experiencing a decline in its stock price, currently at Rs 0.82, which reflects a decrease of Rs 0.01 or 1.2%. The stock has underperformed significantly, with a 1-week return of -1.20% and a 1-month return of -9.89%. It is also trading close to its 52-week low, just 1.22% away from Rs 0.81. The stock is below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 23.37%, the overall sentiment remains negative due to weak long-term fundamentals, including a low return on equity (ROE) of 1.35% and a significant drop in profits over the past year.
In the broader market context, the Sensex has shown a slight decline of only 0.27% over the past week, contrasting sharply with ARC Finance's performance. The stock's year-to-date return of -40.15% further highlights its struggle against the benchmark, which has gained 3.11% in the same period. The company's majority shareholders being non-institutional and its expensive valuation compared to peers add to the negative outlook. The recent flat results, with a staggering fall in profit before tax and profit after tax, further exacerbate the situation, leading to a consensus that the stock is a strong sell.