Why is Mahalaxmi Seam. falling/rising?

As of 01-Aug, Mahalaxmi Seamless Ltd is experiencing a price increase, currently priced at 8.50, reflecting a change of 0.4 or 4.94% upward. Despite this positive movement today, the stock has shown a negative performance over the past month, declining by 4.92%, and a significant year-to-date drop of 37.68%. Today's trading performance indicates that the stock outperformed its sector by 7.2%, although it has been erratic, not trading on 2 out of the last 20 days. The stock is trading below all its moving averages, and while there is a notable increase in delivery volume, the company faces challenges such as a negative book value and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamentals.
In the broader market context, the Sensex has declined by 1.06% over the past week, while Mahalaxmi Seamless Ltd has shown a slight increase, indicating a relative outperformance in the short term. However, the stock's long-term performance remains concerning, with a 35.61% decline over the past year compared to a marginal drop in the BSE500 index. The steel sector, in which the company operates, has also seen a downturn of 2.27%, which could be influencing investor sentiment. Overall, while the stock has risen today, its long-term outlook remains precarious due to fundamental weaknesses and underperformance relative to broader market indices.