Why is Cochin Malabar falling/rising?

As of 16-Sep, Cochin Malabar Estates & Industries Ltd is experiencing a decline in its stock price, currently at Rs 152.00, reflecting a decrease of Rs 10.5 or 6.46%. The stock has underperformed its sector by 5.65% today, with an intraday low of Rs 150.45, indicating significant selling pressure. Over the past week, the stock has fallen by 2.56%, and its year-to-date performance shows a substantial decline of 22.74%. The company is trading below all its moving averages, which suggests a bearish trend. Additionally, the company has a negative book value and a high debt-to-equity ratio, contributing to its weak long-term fundamental strength. Despite a rise in delivery volume by 86.72% against the 5-day average, the overall sentiment remains negative due to poor financial performance and high risk.
Broader market context indicates that while the Sensex has gained 1.58% over the past week, Cochin Malabar's performance has been significantly worse, highlighting a stark contrast between the stock and the broader market. The stock has underperformed the market over the last year, with a return of -35.08% compared to the BSE500's decline of only -2.93%. This underperformance, coupled with the company's flat results and negative EBITDA, suggests that investor confidence is low, further exacerbating the stock's decline in a market that is otherwise showing resilience.