Why is Mahalaxmi Seam. falling/rising?

As of 02-Sep, Mahalaxmi Seamless Ltd is experiencing a price increase, currently at 8.19, reflecting a change of 0.39 or 5.0% upward. Today's price summary indicates that the stock has outperformed its sector by 4.31%, although it has shown erratic trading patterns, not trading on one day out of the last 20. The stock's performance over the past week has been positive at +7.48%, contrasting with a decline of -3.65% over the past month. However, the stock has a negative book value and a high debt to EBITDA ratio of 3.43 times, indicating weak long-term fundamental strength and a low ability to service debt. Additionally, the delivery volume has significantly decreased by 87.57% against the 5-day average, suggesting falling investor participation.
In the broader market context, while the stock has outperformed the Sensex by 7.48% over the past week, it has underperformed in the longer term, with a year-to-date return of -39.96% compared to the Sensex's +2.58%. This underperformance is further highlighted by its returns over the past three years, where it has lagged behind the BSE500. The combination of a negative book value, declining investor interest, and poor long-term performance contributes to the stock's risky profile, making it a strong sell despite the recent short-term gains.