Why is Arman Holdings falling/rising?

As of 03-Jul, Arman Holdings Ltd's stock price is rising, currently at Rs 70.00, reflecting an increase of Rs 2.75 or 4.09%. The stock has shown strong performance recently, outperforming its sector by 4.15% today and achieving a consecutive gain over the last three days, with a total return of 14.74% during this period. It opened with a gain of 5% today and reached an intraday high of Rs 70.61. However, despite these positive movements, there are concerns regarding falling investor participation, as the delivery volume has decreased by 40.17% against the 5-day average. Additionally, while the stock has generated a return of 10.17% over the past year, its profits have declined by 3%, indicating underlying weaknesses in profitability.
In the broader market context, Arman Holdings has significantly outperformed the Sensex in the short term, with a 1-week return of 14.42% compared to the benchmark's decline of 0.62%. However, over the longer term, the stock has underperformed, with a 1-month return of -4.11% against the Sensex's gain of 3.10%. The company's weak long-term fundamental strength, characterized by a -0.61% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.05, raises concerns about its sustainability. These factors contribute to a perception of risk, as the stock is trading at a level considered risky compared to its historical valuations, despite the recent price increase.