Why is Mahalaxmi Seam. falling/rising?

As of 08-Jul, Mahalaxmi Seamless Ltd's stock price is currently at 8.12, reflecting a decline of 0.16, or 1.93%. The stock has been underperforming significantly, having fallen for the last 13 consecutive days, resulting in a total drop of 22.37% during this period. In terms of returns, the stock has decreased by 28.14% over the past month and 40.47% year-to-date, while also underperforming against the BSE500 index over various timeframes. The company is facing challenges, including a negative book value and a high debt-to-EBITDA ratio of 3.43 times, indicating a weak long-term fundamental strength and low ability to service its debt.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting sharply with Mahalaxmi Seamless Ltd's 9.17% decline during the same period. This stark difference highlights the stock's significant underperformance relative to the benchmark. Additionally, the stock's liquidity appears to be declining, with a 5.73% drop in delivery volume compared to the 5-day average, further indicating waning investor interest. Overall, the combination of poor financial fundamentals, negative returns, and declining investor participation contributes to the stock's downward trajectory.