Why is Arman Financial falling/rising?

As of 03-Sep, Arman Financial Services Ltd is currently priced at 1,441.00, reflecting an increase of 8.6, or 0.6%. The stock has been gaining for the last three days, with a total return of 6.11% during this period. However, despite this recent uptick, the stock has experienced a significant decline of 10.93% over the past month and a more substantial drop of 16.66% over the last year. The company has reported negative results for the last four consecutive quarters, with a net profit after tax of Rs -14.58 crore, indicating a drastic fall of 212% compared to the previous four-quarter average. Additionally, the stock's valuation appears expensive with a price-to-book value of 1.7, and its return on equity is low at 6, which may deter investors.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has declined by 0.27% over the past week while Arman Financial has increased by 2.20%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the past three years, one year, and three months. The falling investor participation, indicated by a 59.66% drop in delivery volume, suggests a lack of confidence among traders, which could further impact the stock's price movement. Overall, while there is a short-term gain, the long-term fundamentals and recent negative financial results contribute to a cautious outlook for Arman Financial.