Why is Mahalaxmi Seam. falling/rising?

As of 02-Jul, Mahalaxmi Seamless Ltd is experiencing a decline in its stock price, currently at 8.77, which reflects a decrease of 0.17 or 1.9%. The stock has underperformed significantly, with a consecutive fall over the last nine days, resulting in a total drop of 16.16%. It is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has waned, with delivery volume plummeting by 94.25% compared to the five-day average. The company is facing challenges, including a negative book value and a high debt-to-EBITDA ratio of 3.43 times, which suggests a weak long-term fundamental strength. The stock's performance has been below par, generating a return of -14.61% over the past year, while profits have also declined by 7%.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, with a one-week return of -9.31% against the Sensex's gain of 0.79%. Over the past month, Mahalaxmi Seamless Ltd has dropped by 15.83%, while the Sensex has risen by 2.50%. This stark contrast highlights the company's struggles relative to the overall market, further emphasizing its underperformance in both the near and long term. The combination of weak financial fundamentals and declining investor interest contributes to the stock's negative trajectory.