Why is CHL falling/rising?

As of 13-Jun, CHL Ltd's stock price is currently at 33.39, reflecting an increase of 2.01 or 6.41%. Today's price movement shows that the stock initially opened with a significant loss of 5.96%, but it later reached an intraday high of Rs 34.42, indicating a recovery during the trading session. The stock has outperformed its sector by 7.68%, and there has been a notable increase in delivery volume, rising by 178.91% against the 5-day average. However, the company faces challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Despite the recent price increase, the stock has generated a return of -1.88% over the past year, indicating ongoing concerns about its profitability and growth potential.
In the broader market context, CHL Ltd's short-term performance has been strong, with a 1-week return of 6.03% compared to a decline of 1.30% in the Sensex. This contrast highlights the stock's resilience in a challenging market environment. However, the company has underperformed the benchmark over longer periods, including a year-to-date return of -21.53% versus the Sensex's 3.81% gain. The mixed performance, characterized by short-term gains amidst long-term struggles, reflects the volatility and risks associated with CHL Ltd, making it a complex investment decision for potential investors.