Why is Chowgule Steam falling/rising?

As of 04-September, Chowgule Steamships Ltd's stock price is currently at 23.29, reflecting an increase of 0.74 or 3.28%. The stock has shown a performance today that outperformed its sector by 4.29%, indicating a positive shift after two consecutive days of decline. Despite this short-term gain, the stock has had a mixed performance over different periods, with a 1-week increase of 3.60%, but a year-to-date decline of 19.69%. The company faces challenges, including a negative book value and high debt, which contribute to its weak long-term fundamental strength. Additionally, the stock's delivery volume has decreased significantly, suggesting falling investor participation.
In the broader market context, Chowgule Steamships Ltd has underperformed compared to the Sensex, which has shown a modest increase of 0.80% over the past week. While the stock has gained in the short term, its long-term performance remains concerning, with a 1-year return of -20.54% compared to the market's decline of only -1.98%. This underperformance, coupled with negative EBITDA and a high debt-to-equity ratio, indicates that the stock is trading at a risky valuation compared to its historical averages, which may deter investors despite the recent uptick in price.