Why is Chowgule Steam falling/rising?

As of 04-Aug, Chowgule Steamships Ltd is currently priced at 23.90, reflecting a slight increase of 0.1 or 0.42%. The stock has been gaining for the last two days, with a total return of 1.7% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weaker performance relative to its historical trends. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 45.79% compared to the 5-day average. The company faces challenges, including a negative book value and weak long-term fundamentals, as evidenced by a 62.3% decline in profits over the past year, contributing to the stock's overall negative performance of -21.51% in the last year.
In the broader market context, Chowgule Steamships Ltd has underperformed compared to the benchmark, with a one-year return of -21.51% against the BSE500's decline of only -2.34%. This stark contrast highlights the stock's struggles in a generally challenging market environment. Despite a recent uptick in price, the overall sentiment remains cautious due to the company's high debt levels and poor long-term growth prospects, which may deter potential investors and contribute to its ongoing volatility.