Why is Arshiya falling/rising?

As of 10-Jun, Arshiya Ltd's stock price is currently at 2.58, reflecting a decrease of 0.01 or 0.39%. The stock has been underperforming, having fallen for the last two days with a total decline of 5.15%. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.27%, and its year-to-date performance shows a significant decline of 18.61%. The company has not declared results in the last six months, contributing to its weak long-term fundamentals, including a high debt-to-equity ratio of 2.98 times and a negative return on capital employed (ROCE) of -6.79%. This combination of factors has led to a strong sell sentiment among investors.
In the broader market context, Arshiya's recent performance contrasts sharply with the benchmark, as the Sensex has gained 2.05% over the past week and 5.44% year-to-date. This consistent underperformance against the benchmark, alongside a significant decline of 55.90% over the past year, highlights the stock's struggles in comparison to the overall market. Despite a rise in investor participation, as indicated by a 114.77% increase in delivery volume, the stock remains technically bearish and risky, further exacerbating its decline in value.