Why is Easun Capital Ma falling/rising?

As of 12-Jun, Easun Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs 45.88, which represents a decrease of 2.41 or 4.99%. The stock has been underperforming, having lost 14.56% over the last four days, and it has consistently traded below its moving averages across various time frames. Although it opened the day with a gain of 4.99% and reached an intraday high of Rs 50.7, it ultimately fell to its current price. The stock's performance over the past week shows a significant decline of 10.30%, while its year-to-date performance is down 11.77%. The company's weak long-term fundamentals, highlighted by an average Return on Equity (ROE) of 2.68% and negative growth rates in net sales and operating profit, further contribute to the stock's downward trend.
In the broader market context, the Sensex has shown a slight increase of 0.31% over the past week, contrasting with Easun Capital's significant decline. This indicates that the stock is not only underperforming relative to the market but also facing diminishing investor participation, as evidenced by a 47.55% drop in delivery volume compared to the five-day average. The stock's liquidity remains adequate, but the overall sentiment appears negative, driven by weak fundamentals and a lack of institutional support, as the majority shareholders are non-institutional. This combination of factors suggests that Easun Capital is struggling to attract investor confidence amidst a generally stable market environment.