Why is Sunshine Capital falling/rising?

As of 27-Jun, Sunshine Capital Ltd is experiencing a price increase, currently at 0.34, reflecting a change of 0.01 or 3.03% upward. The stock has recently shown signs of a trend reversal, gaining after five consecutive days of decline. However, it has hit a new 52-week low of Rs.0.32 today. Despite this recent uptick, the stock has underperformed significantly over various periods, with a year-to-date decline of 77.33% and a one-year return of -89.27%. The company's fundamentals are concerning, as it reported a dramatic drop in net sales and a substantial loss in profit after tax, indicating weak financial health. Additionally, institutional investor participation has decreased sharply, which may contribute to negative sentiment around the stock.
In the broader market context, Sunshine Capital's recent performance contrasts sharply with the Sensex, which has gained 3.07% over the past month. While the stock has outperformed its sector by 2.94% today, its overall returns remain negative compared to the benchmark. The significant decline in institutional investment, which has fallen by 72.46% in the previous quarter, suggests a lack of confidence among more knowledgeable investors. This, coupled with the company's expensive valuation relative to its peers and poor financial results, paints a challenging picture for Sunshine Capital, despite its long-term growth potential in net sales.