Why is Arman Financial falling/rising?

As of 30-Sep, Arman Financial Services Ltd's stock price is currently at 1,469.50, reflecting an increase of 14.3 points or 0.98%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 0.68% today and reached an intraday high of Rs 1485.8. However, despite this positive movement, the stock has experienced a significant drop in investor participation, with delivery volume falling by 39.93% compared to the five-day average. The company has declared negative results for the last four consecutive quarters, with a substantial decline in profit before tax and net sales, which has contributed to a perception of the stock as a strong sell. Additionally, while the stock has a strong long-term fundamental strength with an average return on equity of 14.71%, it is trading at a premium compared to its peers, which raises concerns about its valuation.
In the broader market context, Arman Financial's short-term performance has been relatively strong, with a 1-week return of +0.91%, while the Sensex has declined by 2.23% during the same period. However, the stock has underperformed the benchmark over longer periods, including a -13.50% return over the past year compared to the Sensex's -4.78%. This underperformance, combined with the company's recent negative financial results, suggests that while there may be short-term gains, the long-term outlook remains challenging, impacting investor sentiment and overall market confidence in the stock.