Why is Arigato Universe falling/rising?

As of 28-Aug, Arigato Universe Ltd's stock price is currently at Rs. 36.27, reflecting a decline of Rs. 1.75 or 4.6%. The stock has hit a new 52-week low today, with an intraday low of Rs. 36.2, and has been on a consecutive downward trend for the last five days, resulting in a total drop of 19.81% during this period. The stock has significantly underperformed its sector by 2.95% today and is trading below all major moving averages. Additionally, the company has reported operating losses and a weak ability to service its debt, indicated by a negative EBIT to Interest ratio of -0.90, contributing to its negative return on capital employed (ROCE). Over the past year, the stock has experienced a staggering decline of 51.45%, which is substantially worse than the broader market's decline of 5.01%.
In the broader market context, while the Sensex has only fallen by 2.34% over the past week, Arigato Universe's stock has plummeted by 16.04%, indicating a significant underperformance relative to the benchmark. The stock's performance over the last month shows a decline of 25.32%, further highlighting its struggles compared to the market. Despite a rise in investor participation, with delivery volume increasing by 173.45% against the five-day average, the overall sentiment remains negative due to the company's weak financial fundamentals and ongoing losses. This combination of poor performance metrics and broader market conditions suggests that investor confidence in Arigato Universe is waning, leading to its current price decline.