Why is Suncity Synth. falling/rising?

As of 17-Jul, Suncity Synthetics Ltd is experiencing a decline in its stock price, currently at Rs. 14.03, which represents a decrease of 0.73 or 4.95%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last four days, resulting in a significant drop of 18.43% over this period. Additionally, the stock has underperformed its sector by 5.23%. The company is facing challenges such as a negative book value, high debt levels, and a substantial decrease in foreign institutional investors' holdings, which now stand at 0%. These factors contribute to a weak long-term fundamental strength and have led to poor sales growth and operating profit over the past five years.
In the broader market context, Suncity Synthetics Ltd has significantly underperformed compared to the benchmark, with a year-to-date return of -30.54% against the Sensex's gain of 5.27%. Over the past year, while the broader market has generated a return of 0.26%, Suncity has seen a staggering decline of 63.78%. This stark contrast highlights the stock's struggles in attracting investor confidence and maintaining liquidity, as evidenced by a drastic drop in delivery volume. Overall, the combination of poor performance metrics and negative investor sentiment has led to the stock's continued decline.