Why is Cochin Malabar falling/rising?

As of 30-Jul, Cochin Malabar Estates & Industries Ltd is experiencing a decline in its stock price, currently at Rs 160.00, reflecting a decrease of 1.0 (-0.62%). The stock has underperformed its sector by 0.99% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7.51%. The stock reached an intraday high of Rs 164.95 but also touched a low of Rs 155, indicating significant volatility. Additionally, the stock is trading below its moving averages across various time frames, and there has been a notable decrease in investor participation, with delivery volume falling by 13.24% compared to the five-day average. The company’s negative book value and weak long-term fundamentals, including stagnant net sales and operating profit over the past five years, contribute to the stock's poor performance.
In the broader market context, Cochin Malabar's short-term performance has been relatively better than the benchmark, with a 1-week return of -1.23% compared to the Sensex's -1.50%. However, over the longer term, the stock has significantly underperformed, with a year-to-date decline of -18.68% against the Sensex's gain of 4.28%. The company's high debt levels and negative EBITDA further exacerbate its risk profile, leading to a lack of investor confidence. Despite a substantial increase in profits over the past year, the stock's overall return of -21.89% indicates a disconnect between profitability and market performance, suggesting that investors are wary of the company's financial health and future growth prospects.