Why is Mahalaxmi Seam. falling/rising?

As of 07-Jul, Mahalaxmi Seamless Ltd is currently priced at 8.28, reflecting a decline of 0.15 or 1.78%. The stock has been on a downward trend, having underperformed its sector by 1.6% today and experiencing a consecutive fall over the last 12 days, resulting in a total drop of 20.84% during this period. Additionally, the stock has shown significant underperformance in the longer term, with a 39.30% decline year-to-date and a 21.67% drop over the past year. The company's negative book value and high debt-to-EBITDA ratio of 3.43 times indicate weak long-term fundamental strength, further contributing to the stock's decline.
In the broader market context, the Sensex has only decreased by 0.20% over the past week, highlighting that Mahalaxmi Seamless Ltd's performance is significantly worse than the market average. The stock's performance over the last month shows a staggering 26.73% drop, contrasting sharply with the Sensex's gain of 1.53%. This stark difference underscores the stock's ongoing struggles, as it has consistently underperformed not only against the benchmark but also against its historical valuations, indicating a lack of investor confidence and a challenging outlook for the company.