Why is Arnold Holdings falling/rising?

As of 24-Sep, Arnold Holdings Ltd's stock price is currently at Rs 23.00, reflecting an increase of Rs 0.15 or 0.66%. The stock has been gaining for the last two days, with a total return of 1.95% during this period. However, it is trading lower than its moving averages across various time frames, indicating a potential weakness in its price momentum. Despite this recent uptick, the stock has underperformed significantly over the past year, with a return of -67.63%, and has fallen by -2.13% over the last month. The company has a low return on equity (ROE) of 6.3 and is trading at a discount compared to its peers, but its profits have declined by -70.7%, contributing to a weak long-term fundamental outlook.
In the broader market context, Arnold Holdings has outperformed its sector by 0.75% today, while the benchmark Sensex has declined by -1.18% over the past week. This short-term outperformance contrasts sharply with the stock's long-term performance, where it has lagged behind the BSE500 index over the last three years, one year, and three months. The stock's falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors, which could hinder any sustained recovery despite the recent price increase. Overall, while there is a slight positive movement in the stock price, the broader context indicates ongoing challenges that may limit its upward trajectory.