Why is Mahalaxmi Seam. falling/rising?

As of 11-Jul, Mahalaxmi Seamless Ltd is currently priced at 7.96, reflecting an increase of 0.15 or 1.92%. Despite this recent uptick, the stock has shown a significant decline over the past month, with a return of -28.16%, and a year-to-date drop of -41.64%. The stock has recently gained after a 20-day streak of consecutive declines, although it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week low, being only 4.65% away from a low of Rs 7.59. The company's negative book value and high debt-to-EBITDA ratio of 3.43 times indicate weak long-term fundamental strength, contributing to its overall riskiness and poor performance.
In the broader market context, Mahalaxmi Seamless Ltd has underperformed relative to the Sensex, which has shown a slight increase of 5.58% year-to-date. The stock's recent performance today has outpaced its sector by 2.58%, but this is overshadowed by its long-term underperformance, generating -29.74% returns over the past year. The falling investor participation, with a delivery volume decrease of -34.79% against the 5-day average, suggests waning interest among investors, further complicating its recovery prospects. Overall, while there is a slight upward movement in the stock price, the underlying fundamentals and market conditions indicate a challenging environment for Mahalaxmi Seamless Ltd.