Why is Sunshine Capital falling/rising?

As of 30-Jun, Sunshine Capital Ltd is experiencing a decline in its stock price, currently at Rs 0.33, which reflects a decrease of Rs 0.01 or 2.94%. The stock has underperformed significantly, with a 1-week return of -8.33% and a 1-month return of -19.51%, while the Sensex has shown positive returns of +2.09% and +2.65% respectively during the same periods. Additionally, the stock is trading below all its moving averages and is close to its 52-week low, indicating weak performance. The company's recent financial results have been troubling, with a net sales decline of -91.83% and a staggering drop in profit after tax of -429.7%. Furthermore, institutional investor participation has fallen sharply, with a 72.46% decrease in their stake, suggesting a lack of confidence in the stock's future prospects.
In the broader market context, Sunshine Capital's poor performance stands in stark contrast to the Sensex, which has gained ground while the stock has lost a significant 78.00% year-to-date and 89.07% over the past year. This divergence highlights the stock's struggles amidst a generally positive market environment. The company's long-term fundamental strength, indicated by a 23.67% CAGR growth in net sales, is overshadowed by its recent negative financial results and high valuation relative to peers. The combination of falling investor participation, particularly from institutional investors, and the stock's inability to recover from its recent lows further exacerbates the downward pressure on its price.