Why is Miven Mach. Tool falling/rising?

As of 08-Jul, Miven Machine Tools Ltd is experiencing a decline in its stock price, currently at Rs. 61.20, which represents a decrease of 8.11 (-11.7%). The stock has hit a new 52-week low today and has underperformed its sector by 12.03%. Over the past three days, it has consecutively fallen, resulting in a total decline of 14.82%. The stock opened with a significant loss of 9.41% today, and trading has been below all key moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 60.69% compared to the five-day average. The company is facing significant challenges, including a negative book value, high debt levels, and poor long-term growth metrics, which have contributed to its weak performance.
In the broader market context, Miven Machine Tools Ltd has underperformed significantly compared to the benchmark, with a one-week return of -7.83% against a slight increase of 0.02% for the Sensex. Over the past year, while the stock has generated a return of -38.68%, the broader market has seen a positive return of 4.69%. This stark contrast highlights the company's struggles relative to market conditions, further exacerbated by its negative EBITDA and declining sales. Overall, the combination of poor financial health and weak market performance has led to the stock's downward trajectory.