Why is Mahalaxmi Seam. falling/rising?

As of 27-Jun, Mahalaxmi Seamless Ltd is experiencing a decline in its stock price, currently at 9.30, which reflects a decrease of 0.18 or 1.9%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 11.09% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, while there has been a significant increase in delivery volume, suggesting rising investor participation, the overall sentiment remains negative due to the company's weak fundamentals, including a negative book value and a high debt-to-EBITDA ratio of 3.43 times. The stock's performance over the past year shows a return of -16.89%, which is concerning given the company's declining profits of 7%.
In the broader market context, Mahalaxmi Seamless Ltd's recent performance contrasts sharply with the benchmark, as the Sensex has gained 2.00% over the past week and 3.07% over the last month. This underperformance is further highlighted by the stock's year-to-date decline of 31.82%, compared to the Sensex's increase of 7.58%. The company's inability to generate positive returns in both the short and long term, coupled with its weak financial health, positions it unfavorably against the broader market trends, reinforcing the perception of it being a risky investment.