Why is Arman Holdings falling/rising?

As of 30-Jul, Arman Holdings Ltd is experiencing a price increase, currently at Rs 78.96, reflecting a rise of Rs 2.99 or 3.94%. The stock has shown strong performance recently, with an 8.91% increase over the past week and a notable 29.42% rise over the last month. Today's trading saw the stock open with a gain of 4.91% and reach an intraday high of Rs 79.7. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly. Despite these concerns, the stock has outperformed its sector by 3.33% today and has been trading above its moving averages, indicating positive momentum. Nevertheless, the company faces long-term fundamental challenges, including weak operating profit growth and a low return on equity, which may temper investor enthusiasm.
In the broader market context, Arman Holdings has significantly outperformed the benchmark, the Sensex, which has declined by 1.50% over the past week and 2.54% over the past month. While the stock has generated an 18.56% return over the past year, the overall market has struggled, reflected in the negative returns of the BSE500. This contrast highlights the stock's resilience amid broader market challenges, although the company's weak long-term fundamentals and negative EBITDA present risks that could impact future performance.