Why is Chowgule Steam falling/rising?

As of 30-Sep, Chowgule Steamships Ltd is experiencing a decline in its stock price, currently at 21.86, reflecting a decrease of 0.5 or 2.24%. The stock has underperformed its sector by 3.31% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 23.51% compared to the 5-day average. Over the past week, the stock has decreased by 4.87%, while its year-to-date performance shows a significant decline of 24.62%. The company is facing challenges, including a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its weak fundamental strength and overall negative sentiment among investors.
In the broader market context, Chowgule Steamships Ltd's recent performance contrasts with the Sensex, which has only declined by 2.23% over the past week. This underperformance is further highlighted by the stock's negative returns over the past year, where it has generated a return of -17.85%, significantly lagging behind the benchmark. The company's flat results in June and a substantial drop in profits by 65.1% over the past year indicate ongoing operational struggles, reinforcing the perception of risk associated with the stock. Overall, these factors suggest a challenging environment for Chowgule Steamships Ltd, leading to its current downward price movement.