Why is Arigato Universe falling/rising?

As of 01-Sep, Arigato Universe Ltd's stock price is currently at Rs 38.00, reflecting an increase of Rs 1.55 or 4.25%. The stock has shown a positive performance today, having outperformed its sector by 3.17% and gaining for the last two consecutive days with a total return of 4.77%. However, despite this recent uptick, the stock remains 4.74% away from its 52-week low and is trading below all key moving averages, indicating a longer-term downward trend. The company has reported significant operating losses and a weak ability to service its debt, which contributes to its negative return on capital employed (ROCE) and a concerning average EBIT to interest ratio of -0.90. These fundamental weaknesses suggest that while there may be short-term gains, the overall outlook remains precarious.
In the broader market context, Arigato Universe has underperformed significantly compared to the benchmark, with a one-year return of -48.30% against the BSE500's -4.75%. This stark contrast highlights the stock's struggles relative to the market, despite a recent short-term recovery. The stock's performance over the past month has also been poor, with a decline of 21.76%, further emphasizing its volatility and risk. The falling investor participation, indicated by a dramatic drop in delivery volume, suggests a lack of confidence among investors, which could hinder any sustained recovery in the stock price.