Why is Wonderla Holiday falling/rising?

As of 13-Aug, Wonderla Holidays Ltd is experiencing a decline in its stock price, currently at Rs. 574.60, which reflects a decrease of Rs. 15.4 or 2.61%. The stock has hit a new 52-week low of Rs. 562.5 today, indicating significant downward pressure. Over the past week, the stock has fallen by 4.62%, and it has underperformed the market significantly, with a year-to-date decline of 21.51% compared to a 3.07% increase in the benchmark index. The stock is trading below its moving averages across various time frames, and there has been a notable drop in investor participation, with delivery volume decreasing by 52.63% against the five-day average. The company has also reported negative results for the last six consecutive quarters, contributing to a perception of weakness among investors.
In the broader market context, while the Sensex has remained relatively stable with a minimal change of -0.01% over the past week, Wonderla Holidays has significantly underperformed, reflecting broader concerns about its financial health. The company's operating profit has grown at an impressive annual rate of 42.69%, but this is overshadowed by a decline in profits and a high price-to-book value ratio, indicating that the stock is trading at a premium compared to its peers. The negative sentiment is further compounded by the company's low return on equity and the fact that it has underperformed the market over the past year, with a return of -27.40% compared to the BSE500's -0.64%. These factors collectively contribute to the stock's downward trajectory.