Why is Mahalaxmi Seam. falling/rising?

As of 10-Jul, Mahalaxmi Seamless Ltd is experiencing a decline in its stock price, currently at Rs 7.81, reflecting a decrease of Rs 0.15 or 1.88%. The stock has been on a downward trend, having fallen consecutively for the last 15 days, resulting in a total decline of 25.33% during this period. It is currently trading 2.82% above its 52-week low of Rs 7.59. Additionally, the stock has underperformed its sector by 2.68% today and is trading below all key moving averages, indicating a weak performance. The company also faces challenges such as a negative book value and a high Debt to EBITDA ratio of 3.43 times, which contribute to its weak long-term fundamental strength.
In the broader market context, Mahalaxmi Seamless Ltd's performance has been significantly worse than the benchmark, with a one-week return of -9.19% compared to a negligible -0.06% for the Sensex. Over the past month, the stock has declined by 29.51%, while the Sensex has gained 0.97%. This stark contrast highlights the stock's underperformance not only in the short term but also over the last year, where it has generated a return of -31.07% against a 4.09% increase in the Sensex. The falling investor participation, with a delivery volume that has decreased by 25.31% against the five-day average, further underscores the lack of confidence in the stock's prospects.