Why is Arman Financial falling/rising?

As of 01-Aug, Arman Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 1,595.20, which reflects a decrease of Rs 36.3 or 2.22%. The stock has underperformed its sector by 0.74% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.01%. Although it opened with a gain of 7.26% and reached an intraday high of Rs 1,749.95, it ultimately fell to its current low. Over the past week, the stock has decreased by 4.08%, and over the last month, it has seen an 8.63% decline. The company has reported negative results for the last three consecutive quarters, with a significant drop in profit after tax and a low cash position, contributing to investor concerns.
In the broader market context, while the Sensex has declined by only 1.06% over the past week, Arman Financial's performance has been notably worse. The stock's year-to-date return of 28.32% is strong compared to the Sensex's 3.15%, but its one-year return of -9.98% indicates a troubling trend, especially as it has underperformed the BSE500 over various timeframes. The stock's high valuation, trading at a premium compared to its peers, combined with falling investor participation and high volatility, suggests a challenging environment for the stock, further exacerbated by its recent negative financial results.