Why is Arnold Holdings falling/rising?

As of 23-Sep, Arnold Holdings Ltd is experiencing a price increase, currently at Rs 22.81, reflecting a rise of 0.25 or 1.11%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement, it is important to note that Arnold Holdings is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is also close to its 52-week low, just 3.59% away from Rs 21.99. In terms of performance, the stock has outperformed its sector by 0.78%, and there has been a notable increase in investor participation, with delivery volume rising by 55.49% against the 5-day average. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 48.02% and a one-year decline of 68.19%.
Broader market context indicates that while Arnold Holdings has shown a slight positive return of 0.31% over the past week, the benchmark Sensex has decreased by 0.34% during the same period. This suggests that the stock's recent rise may be partially attributed to a relative outperformance against the broader market. However, the longer-term performance remains concerning, as the stock has lagged significantly behind the benchmark over one month, year-to-date, and one year. The overall market sentiment and the stock's historical performance indicate a challenging environment, which may continue to impact investor confidence moving forward.