Why is Mahalaxmi Seam. falling/rising?

As of 24-Jul, Mahalaxmi Seamless Ltd is experiencing a decline in its stock price, currently at 8.93, which reflects a decrease of 0.46 or 4.9%. The stock has underperformed its sector today by 5.23% and has seen a trend reversal after four consecutive days of gains. Additionally, the stock's delivery volume has significantly dropped by 83.3% compared to its five-day average, indicating falling investor participation. Over the past week, the stock has shown a positive return of 11.90%, but it has struggled in the longer term, with a year-to-date decline of 34.53% and a one-year return of -24.70%. The company is facing 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, while the Sensex has generated a modest return of 5.18% year-to-date, Mahalaxmi Seamless Ltd has significantly underperformed, highlighting its struggles compared to the overall market. The stock's performance over the last year, with a return of -24.70%, contrasts sharply with the BSE500's return of 0.99%, further emphasizing its weakness. The combination of negative financial indicators and poor market performance suggests that investors are cautious, leading to the stock's current downward movement.