Why is Mahalaxmi Seam. falling/rising?

As of 09-Jul, Mahalaxmi Seamless Ltd is experiencing a decline in its stock price, currently at Rs 7.96, which represents a decrease of 0.16 or 1.97%. The stock has been underperforming significantly, with a consecutive fall over the last 14 days resulting in a total drop of 23.9%. It is trading below all key moving averages and is close to its 52-week low, being only 4.65% away from Rs 7.59. The stock's performance over various periods shows a stark contrast to the benchmark, with a 1-month return of -28.16% compared to the Sensex's +1.32%, and a year-to-date return of -41.64% against the Sensex's +6.91%. The company is also facing challenges due to a negative book value and a high debt-to-EBITDA ratio of 3.43 times, indicating weak long-term fundamental strength.
In the broader market context, Mahalaxmi Seamless Ltd's recent performance is notably poor compared to the benchmark indices. While the Sensex has shown resilience with a slight gain of 0.15% over the past week, Mahalaxmi's stock has plummeted by 9.24% in the same timeframe. This underperformance is compounded by the company's flat results and declining profits, which have fallen by 7% over the past year. The rising investor participation, indicated by a 72.43% increase in delivery volume, suggests some interest in the stock despite its overall negative outlook. However, the combination of weak financial metrics and consistent underperformance relative to the market indicates a challenging environment for Mahalaxmi Seamless Ltd.