Why is Sunshine Capital falling/rising?

As of 28-Aug, Sunshine Capital Ltd's stock price is currently at 0.21, reflecting an increase of 0.01 or 5.0%. Despite this recent uptick, the stock has shown a significant decline over the past week and month, with returns of -12.50% and -19.23%, respectively. The stock hit a new 52-week low of Rs.0.19 today, although it outperformed its sector by 6.07%. Notably, the company reported its highest quarterly profits, with a PBDIT of Rs 29.16 cr and a PAT of Rs 29.45 cr, indicating strong earnings growth despite the stock's dramatic decline of -90.50% over the past year. However, the stock is trading below all key moving averages, suggesting a bearish trend, and while it has a low Price to Book Value of 0.2, its average Return on Equity (ROE) of 4.06% raises concerns about long-term fundamental strength.
In the broader market context, Sunshine Capital's performance contrasts sharply with the Sensex, which has seen a slight increase of 2.48% year-to-date. The stock's recent price movement may be influenced by rising investor participation, as evidenced by a 122.56% increase in delivery volume, but this is tempered by a decrease in institutional investor stake by -0.53%, indicating a lack of confidence among more sophisticated investors. Overall, while the stock has experienced a short-term rise, the long-term outlook remains weak due to significant historical losses and declining institutional interest, which could hinder its recovery in the broader market.