Why is Arnold Holdings falling/rising?

As of 18-Sep, Arnold Holdings Ltd has seen its stock price rise to 23.80, reflecting an increase of 0.85 or 3.7%. The stock has outperformed its sector today by 3.37% and has experienced consecutive gains over the last two days, accumulating a total return of 4.66% during this period. However, despite this recent uptick, the stock has a troubling year-to-date return of -45.76% and a one-year return of -52.82%, indicating significant long-term underperformance. The stock is trading at a discount compared to its peers, with a price-to-book value of 0.9 and a return on equity (ROE) of 6.3, which suggests a very attractive valuation. Nonetheless, the company has faced substantial profit declines, with a reported drop of -70.7% in profits over the past year, which may weigh on investor sentiment.
In the broader market context, Arnold Holdings has outperformed the Sensex in the short term, with a one-week return of +2.85% compared to the benchmark's +1.80%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by -90.22% against the five-day average, which could indicate waning interest among investors. This combination of short-term gains amidst long-term struggles and declining investor engagement suggests a complex situation for Arnold Holdings, where recent price increases may not be sustainable without a turnaround in its fundamental performance.