Why is Arshiya falling/rising?

As of 12-Jun, Arshiya Ltd's stock price is currently at 2.72, reflecting an increase of 0.07 or 2.64%. The stock has shown a positive trend recently, gaining 5.43% over the last two days and outperforming its sector by 4.13% today. However, despite this short-term gain, the company faces significant long-term challenges, including a weak fundamental outlook with a debt-to-equity ratio of 2.98 times and a decline in net sales at an annual rate of -12.52% over the past five years. The lack of declared results in the last six months and a substantial drop in profits by -70% over the past year contribute to a perception of risk surrounding the stock.
In the broader market context, Arshiya's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 2.26% over the past week while the Sensex has only increased by 0.31%. However, the stock has significantly underperformed over longer periods, with a year-to-date decline of -14.20% compared to the Sensex's gain of 4.55%. This consistent underperformance against the benchmark over the last three years, combined with the company's financial instability, suggests that while there may be short-term gains, the long-term outlook remains precarious.