Why is Cochin Malabar falling/rising?

As of 22-Sep, Cochin Malabar Estates & Industries Ltd is experiencing a decline in its stock price, currently at Rs 153.00, which reflects a decrease of Rs 2.1 or 1.35%. The stock has underperformed its sector today by 2.77% and has been on a consecutive downward trend for the last three days, resulting in a total drop of 5.53%. Additionally, the stock is trading below all key moving averages, indicating a bearish sentiment. Over the past year, the stock has significantly underperformed, with a return of -33.90%, compared to the broader market's decline of only -2.82%. The company's negative book value and high debt levels further contribute to its weak long-term fundamentals, making it a risky investment.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has fallen by 5.85% over the past week while the Sensex has gained 0.46%. This stark difference highlights the stock's struggles relative to the overall market. Despite a notable increase in investor participation, with delivery volume rising significantly, the underlying financial issues, including negative EBITDA and poor long-term growth prospects, continue to weigh heavily on investor sentiment. Consequently, the stock's performance remains weak, reflecting broader concerns about its financial health and market positioning.