Why is CHL falling/rising?

As of 04-Aug, CHL Ltd's stock price is currently at 37.99, reflecting a decline of 0.71, or 1.83%. The stock has been underperforming, having lost 3.82% over the last two days and underperformed its sector by 2.65% today. Despite trading above its moving averages for various periods, the stock's delivery volume has significantly decreased, indicating falling investor participation. Over the past year, while the stock has generated a modest return of 1.85%, it has a negative book value and has shown weak long-term fundamental strength, with net sales growth stagnating and a concerning debt-to-equity ratio. These factors contribute to the stock's recent downward movement.
In the broader market context, CHL Ltd has outperformed the Sensex over the past week and month, with returns of 12.03% and 14.12%, respectively, while the Sensex has seen minimal gains or losses. However, year-to-date, CHL has underperformed the benchmark, with a decline of 10.72% compared to the Sensex's gain of 3.69%. This mixed performance suggests that while there have been short-term gains, the overall trend for CHL Ltd remains negative, influenced by its weak financial fundamentals and declining investor interest.