Why is Mahalaxmi Seam. falling/rising?

As of 28-Jul, Mahalaxmi Seamless Ltd is currently priced at 8.49, showing no change (0.00%). The stock has underperformed significantly, with a 1-week return of -3.30% and a 1-month return of -8.71%. Today's performance indicates that it has outperformed its sector by 1.1%, but it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 85.61% compared to the 5-day average. The company faces 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. Over the past year, the stock has generated a return of -25.53%, while profits have decreased by 7%, indicating ongoing financial struggles.
In the broader market context, Mahalaxmi Seamless Ltd's performance has been notably weaker than the benchmark, with the Sensex showing a 1-week decline of only -1.59% and a 1-month decline of -3.77%. This stark contrast highlights the stock's underperformance not just in the long term but also in the near term, as it has lagged behind the BSE500 over the past three years, one year, and three months. The overall market conditions may not be favorable for the stock, as it continues to struggle with liquidity and investor confidence, further exacerbating its challenges in a competitive environment.