Why is Wonderla Holiday falling/rising?

As of 11-Aug, Wonderla Holidays Ltd is experiencing a decline in its stock price, currently at Rs. 587.80, which reflects a decrease of Rs. 4.6 or 0.78%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen consecutively for the last two days with a total drop of 4.92%. Over the past week, the stock has underperformed significantly, with a return of -5.45%, compared to the Sensex's decline of only -0.51%. Additionally, the company has reported negative results for the last six consecutive quarters, with a notable drop in operating profit and return on equity, contributing to its poor performance. Despite a healthy long-term growth rate in operating profit, the stock's valuation appears expensive relative to its peers, further pressuring its price.
Broader market context indicates that while the overall market has seen negative returns, Wonderla Holidays has underperformed even more severely, with a year-to-date decline of -19.71% against the Sensex's gain of 3.15%. The amusement parks and recreation sector has also faced challenges, with a sector-wide decline of -3.19%. Despite a rise in investor participation, as evidenced by a significant increase in delivery volume, the overall sentiment remains negative due to the company's ongoing financial struggles and the broader market conditions.