Why is Chowgule Steam falling/rising?

As of 17-Oct, Chowgule Steamships Ltd is experiencing a decline in its stock price, currently at Rs 22.59, which reflects a decrease of Rs 1.44 or 5.99%. The stock has underperformed its sector by 4.7% today and has fallen after three consecutive days of gains. It reached an intraday low of Rs 22, marking an 8.45% drop. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, despite a rise in delivery volume by 65.69% against the 5-day average, the company is facing significant challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. Over the past year, the stock has generated a return of -8.58%, with profits falling by 65.1%, further exacerbating investor concerns.
In the broader market context, Chowgule Steamships Ltd's short-term performance has lagged behind the benchmark, with a 1-week return of -0.66% compared to the Sensex's gain of 1.76%. This underperformance is indicative of the stock's struggles relative to the overall market, which has shown positive momentum. The company's poor long-term growth prospects, evidenced by stagnant net sales and operating profit, alongside a risky trading profile due to negative EBITDA, further highlight the challenges it faces in attracting investor confidence amidst a generally favorable market environment.