Why is Chennai Meena falling/rising?

As of 25-Jun, Chennai Meenakshi Multispeciality Hospital Ltd is experiencing a decline in its stock price, currently at 34.45, which reflects a decrease of 0.35 or 1.01%. The stock has underperformed its sector by 2.54% today, despite showing higher performance than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, the stock has seen a significant increase in delivery volume, rising by 362.46% against the 5-day average, which indicates rising investor participation. However, the company faces challenges, including a negative book value, weak long-term growth, and a high debt-to-equity ratio, which contribute to its classification as a strong sell. Additionally, promoter confidence has waned, with a 10.06% reduction in their stake, signaling potential concerns about the company's future.
In the broader market context, the stock has shown a 6.00% increase over the past week, outperforming the Sensex, which has risen by 1.61% during the same period. However, year-to-date, Chennai Meenakshi Multispeciality Hospital Ltd has declined by 17.98%, contrasting sharply with the Sensex's gain of 5.91%. This disparity highlights the stock's struggles relative to the overall market, particularly given its negative EBITDA and significant profit decline of 95% over the past year. The combination of these factors suggests that while there may be short-term interest, the long-term outlook remains precarious, contributing to the stock's current downward movement.