Why is Arunjyoti Bio falling/rising?

As of 10-Jul, Arunjyoti Bio Ventures Ltd is experiencing a price increase, currently at 6.01, reflecting a rise of 0.11 or 1.86%. Today's price summary indicates that the stock has outperformed its sector by 1.73% and has gained after eight consecutive days of decline. However, it is trading below all its moving averages, indicating a bearish trend. The stock has shown significant underperformance over various periods, with a 1-week return of -5.80% and a year-to-date return of -70.22%. Additionally, promoter holding has decreased to 47.64%, which may raise concerns among investors regarding the company's stability. The weak long-term fundamentals, highlighted by a low return on equity and negative profit growth, further contribute to the stock's struggles.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has shown a slight increase of 0.97% over the past month. While the stock has gained today, its overall trajectory remains negative, with a one-year return of -15.35%, significantly underperforming the market, which has generated a return of 1.46% during the same period. The declining investor participation, evidenced by a 27.53% drop in delivery volume, suggests a lack of confidence among traders, which could hinder any potential recovery in the stock's price.