Why is Cochin Malabar falling/rising?

As of 19-Sep, Cochin Malabar Estates & Industries Ltd is experiencing a decline in its stock price, currently at Rs 155.10, reflecting a decrease of Rs 2.9 or 1.84%. The stock has underperformed its sector by 4.19% today and has been on a consecutive downward trend for the last two days, with a total decline of 4.23%. It reached an intraday low of Rs 150, which marks a significant drop of 5.06%. Over the past week, the stock has fallen by 3.03%, and year-to-date, it has decreased by 21.17%. The company is also trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the company has a negative book value and is characterized by weak long-term fundamental strength, which contributes to the stock's poor performance.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with Cochin Malabar's decline. While the overall market has generated negative returns of -1.96% in the last year, Cochin Malabar's stock has significantly underperformed with a drop of 34.32%. Despite a rise in investor participation, as indicated by a 23.76% increase in delivery volume, the company's high debt levels and negative EBITDA position it as a risky investment. The combination of these factors has led to a lack of confidence among investors, contributing to the stock's downward trajectory.