Why is Chowgule Steam falling/rising?

As of 19-Sep, Chowgule Steamships Ltd is experiencing a price increase, with its current price at Rs 22.60, reflecting a change of 0.33 or 1.48% upward. Despite this positive movement today, the stock has shown a negative performance over the past week and month, with declines of 0.88% and 2.84% respectively. The stock is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while the stock is 4.42% away from its 52-week low, it has outperformed its sector by 1.45%. However, the company faces significant challenges, including a negative book value, high debt levels, and poor long-term growth, which have contributed to a substantial decline in profits over the past year.
In the broader market context, Chowgule Steamships Ltd has underperformed compared to the benchmark, with a one-year return of -12.88% against the BSE500's -1.96%. This stark contrast highlights the stock's struggles despite a slight uptick today. The rising investor participation, evidenced by a 24.31% increase in delivery volume, may indicate some renewed interest, but the overall weak fundamentals and high debt levels suggest that the stock remains risky. The company's flat results and negative EBITDA further underscore the challenges it faces, making it a less favorable investment compared to the broader market trends.