Why is Chennai Meena falling/rising?

As of 15-Jul, Chennai Meenakshi Multispeciality Hospital Ltd's stock price is currently at Rs 34.80, reflecting an increase of 1.05 (3.11%). Despite this positive movement today, the stock has shown a decline of 1.47% over the past month and a significant year-to-date drop of 17.14%. Today's trading saw the stock open down by 2.22%, but it later reached an intraday high of Rs 35.4, indicating some volatility. However, the stock's performance is concerning as it has a negative book value, high debt levels, and a weak long-term growth outlook, with net sales growing at only 6.20% annually and operating profit declining dramatically. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 10.06% in the last quarter.
Broader market context shows that while the stock has outperformed its sector by 1.67% today, it has underperformed the Sensex over the past week, which fell by 1.36%. The stock's long-term performance is also troubling, with a return of -2.25% over the past year compared to the Sensex's gain of 2.36%. The falling investor participation, as indicated by a 37.95% drop in delivery volume, further suggests a lack of confidence among investors, which may be contributing to the stock's volatility and overall negative sentiment in the market.