Why is Arnold Holdings falling/rising?

As of 16-Sep, Arnold Holdings Ltd is experiencing a decline in its stock price, currently at Rs. 22.74, which represents a decrease of 0.48 or 2.07%. The stock has hit a new 52-week low of Rs. 21.99 today and has underperformed its sector by 2.35%. Over the past week, the stock has fallen by 0.83%, and its performance over the last month shows a significant decline of 5.92%. Year-to-date, the stock has plummeted by 48.18%, and over the past year, it has decreased by 54.70%. Additionally, the stock has been on a consecutive fall for the last two days, with a total drop of 4.13%. The delivery volume has also decreased by 30.8% compared to the 5-day average, indicating falling investor participation.
In the broader market context, the Sensex has shown a positive return of 1.58% over the past week, contrasting sharply with Arnold Holdings' negative performance. This divergence highlights the stock's struggles relative to the overall market, where it has consistently underperformed. The stock's trading below all key moving averages further suggests a bearish trend, and its liquidity remains adequate for trading, but the significant drop in delivery volume points to waning investor interest. Overall, the combination of poor stock performance, negative returns compared to the benchmark, and declining investor participation contributes to the ongoing decline in Arnold Holdings' stock price.