Why is Arigato Universe falling/rising?

As of 29-Aug, Arigato Universe Ltd's stock price is currently at 36.45, reflecting an increase of 0.18 or 0.5%. Despite this slight uptick, the stock has been underperforming significantly, with a one-week return of -11.44% and a one-month return of -24.95%. The stock is trading close to its 52-week low, just 0.69% away from 36.2, and has shown a trend reversal by gaining after five consecutive days of decline. However, it remains below its moving averages across various time frames, indicating a bearish trend. The company is facing operational challenges, including reported losses and a weak ability to service its debt, which contributes to its negative return on capital employed (ROCE) and overall weak long-term fundamental strength.
In the broader market context, while the Sensex has experienced a minor decline of 1.84% over the past week, Arigato Universe's performance has been considerably worse, highlighting its significant underperformance relative to the benchmark. The stock's year-to-date return of -53.86% starkly contrasts with the Sensex's positive return of 2.14%, indicating that investor sentiment remains negative. Additionally, the falling investor participation, as evidenced by a decrease in delivery volume, further suggests a lack of confidence in the stock, reinforcing the perception of it being a risky investment.