Why is Coastal Corporat falling/rising?

As of 28-Aug, Coastal Corporation Ltd's stock price is currently at Rs 31.96, reflecting a slight increase of 0.04 (0.13%). Despite this minor uptick, the stock has shown significant underperformance over various periods, with a 1-week decline of 5.25% and a year-to-date drop of 39.92%. The stock is trading close to its 52-week low, just 2.85% above Rs 31.05. Additionally, it is trading below all key moving averages, indicating a bearish trend. While the company reported impressive growth in net profit and operating profit, the weak long-term fundamentals, including a high Debt to EBITDA ratio and low return on equity, suggest underlying issues that may be contributing to investor caution.
In the broader market context, Coastal Corporation's performance has lagged behind the benchmark, with a 1-year return of -43.09% compared to the Sensex's -2.08%. The aquaculture sector, in which the company operates, has also seen a decline of 2.2%, further impacting investor sentiment. The falling investor participation, evidenced by a decrease in delivery volume, indicates a lack of confidence among traders. Overall, while the company has shown some positive financial results, the persistent underperformance against benchmarks and sector trends suggests that the stock's recent price movements may not be sustainable in the face of these challenges.