Why is CHL falling/rising?

As of 12-Jun, CHL Ltd's stock price is currently at Rs 31.38, reflecting a decline of Rs 1.76 or 5.31%. Today, the stock has underperformed its sector by 2.81%, with an intraday high of Rs 34.6 and a low of Rs 31.22, indicating significant volatility with a range of Rs 3.38. The stock's performance over the past week shows a gain of 2.55%, but it has struggled year-to-date with a loss of 26.25%. The company's financial health is concerning, as it has a negative book value and high debt levels, which contribute to its weak long-term fundamentals. Recent quarterly results have also been disappointing, with a significant drop in profit after tax and operating profit margins at their lowest.
In the broader market context, while the Sensex has shown a slight increase of 0.31% over the past week, CHL Ltd's performance has been notably weaker, particularly in the long term, where it has generated a return of -12.69% over the past year compared to the benchmark's gain of 6.64%. This underperformance is compounded by a decrease in investor participation, as evidenced by a 12.88% drop in delivery volume against the five-day average. Overall, the combination of poor financial results, high volatility, and negative investor sentiment has contributed to the stock's decline.