Why is Chennai Meena falling/rising?

As of 23-Jun, Chennai Meenakshi Multispeciality Hospital Ltd's stock price is currently at Rs 34.60, reflecting a decline of Rs 1.1 or 3.08%. Today's price summary indicates that the stock has underperformed its sector by 3% and has experienced a trend reversal, falling after three consecutive days of gains. The stock touched an intraday low of Rs 32, marking a significant drop of 10.36%. Despite a positive performance over the past week and month, with returns of 3.75% and 6.46% respectively, the year-to-date performance remains poor at -17.62%. The company faces significant challenges, including a negative book value and weak long-term fundamentals, with net sales growing at only 6.20% annually and a staggering -202.01% in operating profit over the last five years. Additionally, the promoters have reduced their stake by 10.06%, which may indicate a lack of confidence in the company's future.
Broader Market Context: The stock's recent performance contrasts with the benchmark Sensex, which has shown a modest increase of 0.12% over the past week and 0.22% over the past month. While the stock has outperformed the benchmark in the short term, its year-to-date performance significantly lags behind the Sensex's gain of 4.81%. The overall market context suggests that while there may be some investor interest, the underlying issues with the company's financial health and the recent decline in promoter confidence are contributing to the stock's downward movement.