Why is Arnold Holdings falling/rising?

As of 19-Sep, Arnold Holdings Ltd is experiencing a decline in its stock price, currently at 23.40, which represents a decrease of 0.4 or 1.68%. The stock has underperformed its sector by 1.53% today and has fallen after two consecutive days of gains. In terms of returns, the stock has shown a significant decline over various periods, with a year-to-date drop of 46.67% and a one-year decrease of 53.20%. Although the stock's delivery volume has increased by 63.68% compared to the five-day average, indicating rising investor participation, it remains lower than the longer-term moving averages, suggesting a lack of sustained upward momentum.
In the broader market context, the Sensex has performed positively, gaining 0.88% over the past week and 1.20% over the past month, contrasting sharply with Arnold Holdings' declines of 1.35% and 2.50% respectively. This disparity highlights the stock's underperformance relative to the benchmark. Additionally, while the stock is liquid enough for trading, the overall negative trend and significant underperformance against the benchmark indicate that investor sentiment may be cautious, contributing to the stock's current downward trajectory.