Why is Seacoast Ship. falling/rising?

As of 06-Oct, Seacoast Shipping Services Ltd is experiencing a significant decline in its stock price, currently at Rs. 1.34, which represents a drop of 1.17 (-46.61%). The stock has hit a new 52-week low today and has underperformed its sector by 47.61%. It opened with a substantial loss and has not traded above this price throughout the day. Additionally, the stock has shown weak performance over the past year, with a return of -71.43%, compared to the benchmark Sensex, which has gained 0.12%. The company's recent financial results indicate positive growth in net sales and profit after tax, but the lack of declared results in the last six months raises concerns about its long-term fundamental strength.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, as it has underperformed significantly over the past year while the market has only declined by -1.93%. The erratic trading pattern, with the stock not trading on five out of the last twenty days, coupled with a 27.8% drop in delivery volume, suggests a lack of investor confidence. The stock is considered risky due to its historical valuations and the substantial decline in its price, indicating that investors are wary of its future prospects despite some recent positive financial indicators.