Why is Arigato Universe falling/rising?

As of 22-Jul, Arigato Universe Ltd's stock price is currently at 48.57, showing no change (0.00%). The stock has underperformed its sector by 4.23% today and has experienced erratic trading, not trading on one day out of the last 20. In terms of returns, the stock has seen a 1.95% increase over the past week, but it has significantly underperformed over longer periods, with a decline of 18.23% in the last month and a staggering 39.28% drop over the past year. The company is facing operating losses and has a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of -0.88 and negative ROCE. These factors contribute to the stock's recent struggles and overall negative sentiment among investors.
In the broader market context, while the Sensex has gained 5.18% year-to-date, Arigato Universe Ltd has declined by 38.52% in the same timeframe, highlighting its significant underperformance compared to the market. The stock's recent performance contrasts sharply with the refractories sector, which has gained 4.48%. Despite a slight increase in delivery volume, the overall liquidity remains low, and the stock is considered risky due to its negative EBITDA and historical valuation concerns. This combination of poor financial health and market performance suggests that investors are cautious, contributing to the stock's ongoing decline.