Why is Sinclairs Hotels falling/rising?

As of 18-Aug, Sinclairs Hotels Ltd is experiencing a decline in its stock price, currently at Rs 97.95, down by Rs 2.65 or 2.63%. Today's price movement has shown significant volatility, with the stock opening higher at an intraday gain of 4.32% but subsequently falling to a low of Rs 97.05. The stock has underperformed its sector by 2.68% today and has seen a trend reversal after two consecutive days of gains. Over the past week, the stock has slightly decreased by 0.05%, and its performance over the last month shows a decline of 2.90%. Additionally, the company has reported negative results for the last three consecutive quarters, which has contributed to a lack of investor confidence, reflected in its low domestic mutual fund holdings.
In the broader market context, the Sensex has increased by 0.83% over the past week, contrasting with Sinclairs Hotels' slight decline. While the stock has shown impressive returns over a three-year and five-year period, its year-to-date performance is down by 20.27%, indicating a significant underperformance compared to the benchmark's 4.01% gain. The company's high valuation, with a Price to Book Value of 4.3, combined with falling profits and low investor participation, suggests that the market sentiment remains negative, further influencing the stock's current downward trajectory.