Why is Suncity Synth. falling/rising?

As of 10-Jul, Suncity Synthetics Ltd is currently priced at 17.20, reflecting a decrease of 0.05 or 0.29%. The stock has shown a negative performance today, which is consistent with its recent trend, as it has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been erratic trading, with the stock not trading on 4 out of the last 20 days. The delivery volume has significantly dropped by 87.95% against the 5-day average, indicating falling investor participation. Over the past year, the stock has underperformed the market, generating a return of -51.97% compared to the Sensex's positive return of 4.09%. The company's negative book value and high debt levels, coupled with a significant decline in net sales and operating profit, further contribute to its weak long-term fundamental strength.
In the broader market context, Suncity Synthetics Ltd's recent performance contrasts sharply with the benchmark, as it has experienced a decline of 1.15% over the past month while the Sensex has gained 0.97%. The stock's poor performance is exacerbated by the fact that foreign institutional investors (FIIs) have decreased their holdings to 0%, indicating a lack of confidence in the company's prospects. The company has reported losses and negative net worth, which raises concerns about its ability to sustain operations without raising fresh capital or generating profits. Overall, the combination of weak fundamentals, declining investor interest, and poor market performance has led to the stock's downward movement.