Why is Arman Holdings falling/rising?

As of 23-Jul, Arman Holdings Ltd's stock price is currently at Rs 72.50, reflecting an increase of Rs 2.02 or 2.87%. Today, the stock has shown a trend reversal, gaining after seven consecutive days of decline. It opened with a gap up of 2.87% and reached an intraday high of Rs 72.50. Despite this positive movement today, the stock has underperformed the Sensex over the past week with a decline of 4.23%, although it has outperformed the sector by 2.85%. The stock's long-term fundamentals appear weak, indicated by a negative CAGR growth in operating profits and a low return on equity, which may contribute to investor caution despite recent positive trading activity.
In the broader market context, while Arman Holdings has seen a year-to-date return of 6.62%, the Sensex has returned 5.87% in the same period, suggesting that the stock has been performing slightly better than the benchmark overall. However, the stock's recent erratic trading and significant drop in delivery volume indicate a lack of investor confidence. The company's weak ability to service its debt and negative EBITDA further complicate its outlook, despite some positive quarterly results. Overall, while today's price movement is upward, the underlying fundamentals and recent trading patterns suggest a cautious approach for investors.