Why is CHL falling/rising?

As of 17-Sep, CHL Ltd's stock price is currently at Rs 35.27, reflecting a decrease of Rs 1.48 or 4.03%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.13%. Today, it opened with a significant loss of 4.76% and reached an intraday low of Rs 35. The trading volume indicates a lack of investor interest, with delivery volume dropping by 94.75% compared to the 5-day average. Additionally, the stock's performance over various periods shows a year-to-date decline of 17.11% and a one-month decline of 3.34%, further indicating a downward trend. In the broader market context, the Sensex has shown positive movement, gaining 1.56% over the past week and 2.60% over the past month, contrasting sharply with CHL Ltd's recent performance. This underperformance against the benchmark suggests that investor sentiment towards CHL Ltd is weak, especially as it has lagged behind the market in both short-term and long-term returns. The stock's returns over the last three years are positive at 88.11%, but the recent downturn highlights a significant shift in market perception, likely influenced by the falling investor participation and liquidity concerns.