Why is Suncity Synth. falling/rising?

As of 18-Jul, Suncity Synthetics Ltd's stock price is currently at Rs. 14.60, reflecting an increase of Rs. 0.57 or 4.06%. The stock has recently outperformed its sector by 4.9% and has shown a trend reversal after 20 consecutive days of decline. However, it has also hit a new 52-week low of Rs. 13.33 today. Over the past week, the stock has experienced a significant drop of 15.12%, and its year-to-date performance shows a decline of 27.72%. The company is facing challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength and poor growth prospects.
In the broader market context, Suncity Synthetics Ltd has underperformed significantly compared to the benchmark Sensex, which has gained 4.63% year-to-date while the stock has fallen by 27.72%. The stock's recent price movement is concerning, especially as foreign institutional investors (FIIs) have decreased their holdings to 0%, indicating a lack of confidence in the company's future. Additionally, the stock's liquidity is limited, and there has been a notable decline in investor participation, with delivery volume dropping by 39.31% against the 5-day average. These factors suggest that while there may be a short-term uptick in price, the overall outlook remains negative due to fundamental weaknesses and market sentiment.