Why is Cochin Malabar falling/rising?

As of 01-Aug, Cochin Malabar Estates & Industries Ltd's stock price is currently at Rs 158.10, reflecting an increase of Rs 3.1 or 2.0%. Today's price summary indicates that the stock has outperformed its sector by 1% and has gained after three consecutive days of decline, reaching an intraday high of Rs 179.8, which represents a 16% increase. However, the stock has been trading lower than its moving averages across various time frames, and there has been a significant drop in delivery volume, down by 57.16% compared to the five-day average. The company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its risky profile and have led to a substantial decline of 19.64% year-to-date.
In the broader market context, Cochin Malabar's short-term performance has been less favorable compared to the benchmark, with a one-week return of -2.47% against the Sensex's -1.06%. Over the past year, while the stock has generated a return of -17.66%, the broader market has only seen a decline of -1.55%. This underperformance highlights the company's struggles relative to the market, despite a recent uptick in price. Overall, the stock's recent rise may be a temporary rebound amidst ongoing fundamental weaknesses and high volatility.