Why is Arnold Holdings falling/rising?

As of 26-Jun, Arnold Holdings Ltd is currently priced at 24.59, reflecting an increase of 0.66 or 2.76%. Despite this positive movement today, the stock has underperformed significantly over the past week, month, and year, with returns of -2.61%, -13.51%, and -51.04% respectively. The stock is trading below all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 990.02% against the 5-day average, suggesting growing interest. The company's valuation appears attractive with a Price to Book Value of 0.9, and institutional investors have increased their stake, indicating some confidence in the stock's potential despite its recent struggles.
Broader market context shows that while Arnold Holdings has faced significant declines, the benchmark Sensex has performed positively, gaining 2.94% over the past week and 1.92% over the past month. This stark contrast highlights the stock's underperformance relative to the broader market, which has generated a return of 4.11% over the last year. The company's recent operating losses and a substantial drop in net sales of -27.8% have contributed to its weak long-term fundamental strength, further exacerbating its challenges in attracting investors compared to the overall market performance.