Why is Chowgule Steam falling/rising?

As of 16-Sep, Chowgule Steamships Ltd is currently priced at 22.65, reflecting an increase of 0.2 or 0.89%. The stock has recently gained after two consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this upward movement today, the stock has underperformed its sector by 2.41%. Over the past week, the stock has decreased by 3.08%, and year-to-date, it has seen a significant decline of 21.90%. The stock is also close to its 52-week low, being only 4.64% away from Rs 21.6. Notably, there has been a rise in investor participation, with delivery volume increasing by 100.57% compared to the 5-day average, indicating a potential shift in market sentiment.
In the broader market context, Chowgule Steamships Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.58% over the past week and 5.43% year-to-date. This underperformance highlights the challenges the company faces relative to the overall market. The shipping sector, however, has shown positive movement, gaining 3.25%, which may provide some context for the stock's recent uptick. Despite the positive sector performance, Chowgule Steamships Ltd's significant year-to-date decline suggests that broader market trends have not yet translated into recovery for the stock.