Why is Chowgule Steam falling/rising?

As of 17-Sep, Chowgule Steamships Ltd is currently priced at 22.68, reflecting a slight increase of 0.03 or 0.13%. The stock has recently outperformed its sector by 0.27% and has shown a consecutive gain over the last two days, rising 1.02% during this period. However, it is trading below all its moving averages, indicating a bearish trend. The stock has also hit a new 52-week low of Rs.21.6 today. Despite these recent gains, the company has a negative book value and weak long-term fundamentals, with poor growth in net sales and operating profit over the last five years. Additionally, the stock is considered risky due to negative EBITDA and a significant decline in profits over the past year, which has contributed to its underperformance compared to the broader market.
In the broader market context, Chowgule Steamships Ltd's short-term return of +0.49% over the past week is notably lower than the Sensex's return of +1.56% during the same period. Over the last month, the stock has declined by 5.10%, while the Sensex has increased by 2.60%. This underperformance is further highlighted by the stock's year-to-date decline of 21.79%, contrasting sharply with the Sensex's gain of 5.83%. The falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors, which may be contributing to the stock's overall downward pressure despite its recent minor uptick.