Why is Easun Capital Ma falling/rising?

As of 10-Jun, Easun Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs 50.83, which represents a decrease of 2.67 or 4.99%. The stock has underperformed its sector by 4.66% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 5.34% during this period. Although the stock opened with a gain of 4.99% today and reached an intraday high of Rs 56.17, it ultimately fell to its current price, indicating significant volatility. The stock's performance over the past week shows a gain of 4.33%, but its year-to-date performance is down by 2.25%. The company has weak long-term fundamentals, with a low return on equity of 2.68% and declining net sales and operating profit, which contribute to its bearish technical outlook.
In the broader market context, while the Sensex has shown a positive return of 2.05% over the past week, Easun Capital's short-term performance has lagged behind, highlighting its struggles relative to the market. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 58.93% against the five-day average suggests waning investor interest. Additionally, the stock's technical indicators, including a bearish Bollinger Band, further reinforce the negative sentiment surrounding it. Overall, the combination of weak fundamentals, declining investor participation, and poor short-term performance relative to the benchmark are contributing to the stock's current downward trajectory.