Why is Arnold Holdings falling/rising?

As of 27-Jun, Arnold Holdings Ltd is experiencing a slight increase in its stock price, currently at 24.68, with a change of 0.09 or 0.37% upward. The stock has shown a positive performance today, outperforming its sector by 0.28% and has gained 3.13% over the last two days. However, it is important to note that the stock has underperformed significantly over longer periods, with a year-to-date decline of 43.76% and a one-year drop of 51.60%. The company has a very attractive valuation with a return on equity of 8.5 and a price-to-book value of 0.9, indicating it is trading at a discount compared to its peers. Despite this, the company has faced operational challenges, including a 27.8% fall in net sales and negative quarterly results, which have contributed to its weak long-term fundamental strength.
In the broader market context, while Arnold Holdings has shown a short-term gain, it has significantly lagged behind the benchmark, with the Sensex gaining 3.07% over the past month and 7.58% year-to-date. This stark contrast highlights the stock's struggles, as it has consistently underperformed the market, generating negative returns while the broader market has been positive. Additionally, the increase in institutional investor participation, with a 0.84% rise in their stake, may provide some support for the stock, but the overall negative sentiment stemming from its operational losses and declining sales continues to weigh heavily on its performance.