Why is SEAMEC Ltd falling/rising?

As of 29-Jul, SEAMEC Ltd's stock price is currently at Rs. 793.10, reflecting a decrease of Rs. 6.45 or 0.81%. The stock has recently hit a new 52-week low of Rs. 767 and has been on a downward trend, losing 6.69% over the last three days. It has underperformed its sector by 2.28% today, and it is trading below all its moving averages, indicating a weak price momentum. The company has shown significant negative performance over the past year, with a return of -49.00%, and its operating profits have declined at a CAGR of -6.12% over the last five years. Additionally, the latest financial results indicate a substantial drop in profitability, with net sales and profit after tax both experiencing significant declines.
In the broader market context, SEAMEC Ltd's short-term performance has been worse than the benchmark, as it has fallen by 6.25% over the past week compared to a decline of only 1.03% in the Sensex. This underperformance is compounded by weak long-term fundamentals, as indicated by a low return on capital employed and an expensive valuation relative to its peers. Despite a rise in investor participation, the overall sentiment remains negative due to the company's poor financial results and long-term performance, which have contributed to its declining stock price.