Why is Sinclairs Hotels falling/rising?

As of 10-Jul, Sinclairs Hotels Ltd is experiencing a decline in its stock price, currently at 96.55, which reflects a decrease of 1.83 or 1.86%. The stock has underperformed its sector by 1.65% today and has fallen after two consecutive days of gains. In terms of recent performance, the stock has seen a slight decline of 0.53% over the past week, while it has increased by 5.23% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 21.41% and a one-year drop of 13.21%. The company's low debt-to-equity ratio is a positive factor, but its poor long-term growth, evidenced by a net sales growth rate of only 3.29% and a significant drop in profits, has negatively impacted investor sentiment.
Broader market context indicates that while the Sensex has shown a slight decline of 0.06% over the past week, Sinclairs Hotels has underperformed the market significantly over the past year, where the broader market has generated returns of 1.46%. The stock's valuation appears expensive compared to its peers, with a price-to-book value of 4.3, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future prospects. Overall, the combination of poor financial performance, high valuation, and low institutional interest contributes to the stock's downward movement.