Why is Mahalaxmi Seam. falling/rising?

As of 16-Jul, Mahalaxmi Seamless Ltd's stock price is currently at 8.33, reflecting a decline of 0.43, or 4.91%. The stock has recently underperformed its sector by 4.41% and has experienced a trend reversal after three consecutive days of gains. Its delivery volume has decreased by 17.85% compared to the five-day average, indicating falling investor participation. Over the past week, the stock has shown a positive return of 4.65%, but it has significantly underperformed in the longer term, with a 21.93% decline over the past month and a year-to-date drop of 38.93%. The company is facing challenges, including 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, the Sensex has increased by 1.02% over the past month, contrasting sharply with Mahalaxmi Seamless Ltd's significant decline. This underperformance is evident as the stock has generated negative returns over various time frames, including a 21.93% drop in the last year, while the benchmark has risen by 2.38%. The company's flat results in March 2025 and the overall negative sentiment surrounding its financial health further exacerbate its struggles in the market, making it a risky investment compared to historical valuations.