Why is Chowgule Steam falling/rising?

As of 24-Sep, Chowgule Steamships Ltd is experiencing a decline in its stock price, currently at Rs. 22.40, which represents a decrease of 0.58 or 2.52%. The stock has hit a new 52-week low of Rs. 19.01 today and has underperformed its sector by 3.14%. It has been on a downward trend for the last two days, with a cumulative drop of 5.29%. Over the past week, the stock has decreased by 1.23%, and it has shown a significant decline of 22.76% year-to-date. The company is facing challenges with a negative book value and a weak long-term fundamental strength, as evidenced by 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 substantial drop in profits over the past year.
In the broader market context, Chowgule Steamships Ltd's short-term performance has been slightly worse than the benchmark, with a 1-week return of -1.23% compared to the Sensex's -1.18%. This underperformance is compounded by the company's high debt levels and a debt-to-equity ratio of zero, which raises concerns among investors. Despite a rise in delivery volume by 34.15% against the 5-day average, the overall sentiment remains negative due to the company's flat results and significant losses in profitability. The stock's performance has been below par both in the long term and near term, further contributing to the downward pressure on its price.