Why is Containerway Int falling/rising?

As of 01-Jul, Containerway International Ltd's stock is currently priced at 27.09, reflecting a decline of 1.42, or 4.98%. The stock has been on a downward trend, having lost value for the last eight consecutive days, resulting in a total drop of 27.76% during this period. Despite opening with a gain of 2.39% today and reaching an intraday high of Rs 29.19, it ultimately fell to its current price. The stock has significantly underperformed its sector by 4.5% today and has shown a staggering decline of 64.41% year-to-date. The company's weak fundamentals, characterized by operating losses and a negative EBIT to interest ratio, contribute to the stock's poor performance, despite having generated a return of 138.47% over the past year.
In the broader market context, Containerway's short-term performance starkly contrasts with the Sensex, which has gained 2.00% over the past week and 2.76% over the last month. While the stock has outperformed the benchmark over the past year and three years, its recent struggles highlight a concerning trend, especially given the significant drop in investor participation and liquidity. The company's ability to service its debt remains weak, and the negative EBITDA further exacerbates the risk associated with the stock. Overall, these factors indicate a challenging environment for Containerway International Ltd, leading to its current decline in stock price.