Why is Mahalaxmi Seam. falling/rising?

As of 24-Jun, Mahalaxmi Seamless Ltd's stock price is currently at 9.86, reflecting a decrease of -0.2, or -1.99%. The stock has been underperforming, having lost -5.74% over the last three days and showing a significant decline of -7.59% over the past week. Additionally, the stock's delivery volume has decreased by -45.44% compared to the five-day average, indicating falling investor participation. The company is facing challenges with a negative book value and a high debt-to-EBITDA ratio of 3.43 times, which suggests a weak long-term fundamental strength. Furthermore, the stock has underperformed against the BSE 500 over the past year, with a return of -17.76% and a decline in profits by -7%.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained +0.58% over the past week. While the stock has shown a positive return of +12.05% over the past month, its year-to-date performance is concerning, with a decline of -27.71% compared to the Sensex's +5.01%. This disparity highlights the stock's struggles in both short-term and long-term performance relative to the broader market, further exacerbated by its recent consecutive falls and overall negative sentiment among investors.