Why is Mahalaxmi Seam. falling/rising?

As of 31-Jul, Mahalaxmi Seamless Ltd is experiencing a decline in its stock price, currently at 8.10, which represents a decrease of 0.39 or 4.59%. The stock has underperformed significantly, with a 1-week return of -9.29% and a 1-month return of -9.40%. Today's trading performance indicates that it has underperformed its sector by 4.3%, and it has shown erratic trading patterns, not trading on 2 out of the last 20 days. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also seen a drastic decline of 96.69% compared to the 5-day average, indicating falling investor participation. The company has a negative book value and a high debt-to-EBITDA ratio of 3.43 times, which contributes to its weak long-term fundamental strength.
In the broader market context, the Sensex has seen a decline of only 1.22% over the past week, contrasting sharply with Mahalaxmi Seamless's performance. The stock's year-to-date return is down by 40.62%, while the benchmark has gained 3.90%. This stark difference highlights the stock's underperformance not only in the short term but also over the long term, as it has consistently lagged behind the BSE500 index. The company's flat results and negative book value further exacerbate the situation, making it a risky investment compared to its historical valuations. Overall, the combination of poor financial health and significant underperformance relative to the market is driving the stock's decline.