Why is CHL falling/rising?

As of 24-Jul, CHL Ltd's stock price is currently at Rs 35.75, reflecting a decline of Rs 4.03 or 10.13%. The stock has underperformed its sector significantly today, with a performance drop of 10.19%. After two consecutive days of gains, the stock has reversed its trend, hitting an intraday low of Rs 33.99, which represents a 14.56% decrease. The stock has shown high volatility with an intraday volatility of 8.11%, and despite trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below its 200-day moving average. The company has a negative book value and weak long-term fundamentals, with poor growth in net sales and operating profit over the last five years, contributing to the stock's decline.
In the broader market context, CHL Ltd's short-term performance has been relatively strong, with a 1-week return of 8.33% and a 1-month return of 11.96%, while the benchmark Sensex has shown minimal movement during the same periods, with returns of -0.09% and +0.16%, respectively. However, the stock's year-to-date performance is concerning, with a decline of 15.98%, contrasting sharply with the Sensex's gain of 5.18%. This discrepancy indicates that while the stock had some recent short-term gains, the overall trend remains negative, influenced by its weak financial fundamentals and high debt levels, which pose significant risks to investors.