Why is Sun Retail falling/rising?

As of 07-Jul, Sun Retail Ltd's stock price is currently at 0.49, reflecting a decrease of 0.02 or 3.92%. The stock has been underperforming, having fallen for the last three days, resulting in a total decline of 10.91% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has experienced a significant decline of 9.26%, and its year-to-date performance shows a staggering drop of 36.36%. While there has been a notable increase in investor participation, with delivery volume rising by 844.44% on July 4, the overall negative returns suggest that this interest has not translated into price stability or growth.
In the broader market context, the Sensex has shown a minimal decline of 0.20% over the past week, contrasting sharply with Sun Retail's performance. This indicates that the stock is not only underperforming against the market but also against its sector, as it has underperformed by 3.34% today. The stark difference in returns, especially the 1-year decline of 55.45% for Sun Retail compared to the Sensex's gain of 4.31%, highlights the challenges the company faces in regaining investor confidence and aligning its performance with broader market trends.