Why is Sungold Capital falling/rising?

As of 02-Jul, Sungold Capital Ltd is currently priced at 2.90, reflecting a decrease of 0.13 or 4.29%. The stock has been underperforming significantly, with a consecutive decline over the last three days, resulting in a total drop of 13.17% over the past week. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Despite a notable increase in delivery volume, which rose by 854% against the 5-day average, the company is facing substantial operational challenges, including operating losses and weak long-term growth. The stock's valuation appears expensive relative to its peers, with a low return on equity of 0.1 and a price-to-book value of 0.2, contributing to its recent price decline.
In the broader market context, Sungold Capital's performance has been notably poor compared to the benchmark, with a year-to-date return of -22.67% against a positive 6.75% for the Sensex. Over the past month, the stock has declined by 26.58%, while the benchmark has gained 2.50%. This consistent underperformance against the benchmark over the last three years further highlights the challenges faced by the company, as it has failed to generate positive returns compared to the broader market. The combination of weak financial fundamentals and a lack of investor confidence has led to a downward trend in the stock's price.