Why is Arihant Capital falling/rising?

As of 01-Aug, Arihant Capital Markets Ltd is currently priced at 99.31, reflecting an increase of 0.37 (0.37%). The stock has outperformed its sector today by 1.85%, although it has shown a decline of 1.94% over the past week. While the stock is trading above its 20, 50, 100, and 200-day moving averages, it is below its 5-day moving average. The stock has demonstrated strong long-term fundamental strength, with an average Return on Equity (ROE) of 17.75% and healthy growth in net sales and operating profit. However, it has faced challenges with negative results over the last three consecutive quarters, leading to a significant drop in profits by 35.5% despite a 25.38% return over the past year. In the broader market context, the stock's performance contrasts with the benchmark, as it has generated a return of 25.38% over the past year while the BSE500 has seen negative returns of 4.13%. This indicates that despite the company's recent struggles, it has managed to outperform the market significantly. However, the falling investor participation, evidenced by a 54.68% drop in delivery volume, raises concerns about future demand for the stock. Additionally, the lack of domestic mutual fund investment may suggest a lack of confidence in the company's current valuation or business outlook, which could impact its price movement going forward.