Why is Mahalaxmi Seam. falling/rising?

As of 17-Jul, Mahalaxmi Seamless Ltd's stock price is currently at Rs 7.98, reflecting a decline of -0.35 (-4.2%). The stock has been underperforming, with a consecutive fall over the last two days resulting in a total drop of -8.9%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.89% away from Rs 7.59. Over the past month, the stock has seen a significant decline of -25.21%, while the benchmark Sensex has gained 0.83%. The company's negative book value and high debt-to-EBITDA ratio of 3.43 times further contribute to its weak long-term fundamental strength, making it a risky investment.
In the broader market context, Mahalaxmi Seamless Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of +2.18% compared to the Sensex's -1.12%. This underperformance is compounded by a drastic drop in investor participation, with delivery volume falling by -70.55% against the 5-day average. The stock has consistently generated negative returns over the past year, with a -25.21% return, and has also underperformed relative to the BSE500 over various time frames. Overall, the combination of poor financial health, declining investor interest, and negative market sentiment has led to the stock's recent downward movement.