Why is Cochin Malabar falling/rising?

As of 23-Sep, Cochin Malabar Estates & Industries Ltd is experiencing a price increase, currently at Rs 154.50, reflecting a rise of 1.5 (0.98%). The stock has shown a trend reversal after three consecutive days of decline, reaching an intraday high of Rs 157.5, although it also touched a low of Rs 146.05 during the day. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend over a longer period. Additionally, the stock has underperformed significantly over the past year, with a return of -31.89%, while the broader market, represented by the Sensex, has only declined by -3.33%. The company also faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 1.64% over the past week while the Sensex has fallen by 0.34%. However, the stock's year-to-date performance remains poor, with a decline of 21.47% compared to the Sensex's increase of 5.07%. The falling investor participation, as indicated by a 30.16% drop in delivery volume, suggests a lack of confidence among investors, further complicating the stock's recovery. Overall, while there is a slight uptick in price, the underlying fundamentals and broader market trends indicate significant challenges ahead for Cochin Malabar Estates & Industries Ltd.