Why is Sunshine Capital falling/rising?

As of 24-Jun, Sunshine Capital Ltd's stock price is currently at Rs.0.35, reflecting a decrease of Rs.0.01 or 2.78%. The stock has hit a new 52-week low today and has been on a downward trend, having underperformed its sector by 3.7%. Over the past three days, the stock has fallen by 7.89%, and it is trading below all key moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 47.14% compared to the five-day average. The company's recent financial performance has also been poor, with net sales declining by 91.83% and a substantial loss in profit after tax, contributing to a negative sentiment around the stock. Despite having strong long-term fundamental strength with a 23.67% CAGR growth in net sales, the stock's current valuation appears expensive relative to its peers, further impacting its price negatively.
In the broader market context, Sunshine Capital's performance over the past week shows a decline of 2.78%, while the Sensex has increased by 0.58%, indicating that the stock is underperforming compared to the benchmark. Over the past month, the stock has dropped 22.22%, contrasting sharply with the Sensex's modest gain of 0.41%. Year-to-date, Sunshine Capital has seen a staggering decline of 76.67%, while the Sensex has risen by 5.01%. This stark difference highlights the challenges facing Sunshine Capital in attracting investor confidence, especially as institutional investors have significantly reduced their stakes in the company, further exacerbating the stock's downward trajectory.