Why is Arman Financial falling/rising?

As of 22-Sep, Arman Financial Services Ltd is experiencing a decline in its stock price, currently at Rs 1,446.70, reflecting a decrease of 2.15 (-0.15%). The stock has underperformed its sector today by 0.57%, despite reaching an intraday high of Rs 1,490.05 earlier in the day. Over the past week, the stock has seen a decline of 2.07%, and its performance over the last month is also negative at -1.34%. The company has reported negative results for the last four consecutive quarters, with a significant drop in profit after tax and net sales, contributing to a year-over-year return of -20.61%. Additionally, the stock's valuation appears expensive relative to its peers, with a Price to Book Value of 1.7, which may deter investors.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting with Arman Financial's decline. While the stock has generated a year-to-date return of 16.38%, it has underperformed the BSE500 index over the last three years, one year, and three months. The rising investor participation, indicated by a 70.71% increase in delivery volume, suggests some interest in the stock; however, the overall negative financial performance and high valuation relative to historical averages are likely contributing to the stock's downward movement.