Why is Arnold Holdings falling/rising?

As of 22-Aug, Arnold Holdings Ltd is experiencing a decline in its stock price, currently at Rs. 23.50, which reflects a decrease of 0.2 or 0.84%. The stock has recently hit a new 52-week low of Rs. 22.79 and has underperformed its sector by 0.4%. Over the past two days, the stock has seen a consecutive fall, resulting in a total decline of 3.01%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has generated a significant return of -48.37% over the past year, with profits plummeting by 70.7%. Despite having a very attractive valuation with a low Price to Book Value, the weak long-term fundamental strength and negative financial results have contributed to the stock's downward trend.
In the broader market context, Arnold Holdings has underperformed compared to the Sensex, which has gained 0.88% over the past week while the stock has dropped by 2.77%. The stock's performance over the last month shows a decline of 7.81%, contrasting with the Sensex's slight decrease of 1.07%. This underperformance is further highlighted by the falling investor participation, as evidenced by a 23.33% drop in delivery volume compared to the 5-day average. Overall, the combination of weak financial results, declining returns, and poor market sentiment has led to the stock's continued decline.