Why is SEL Mfg. Co falling/rising?

As of 28-Jul, SEL Manufacturing Company Ltd is experiencing a decline in its stock price, currently at Rs 31.60, which reflects a decrease of Rs 1.33 or 4.04%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 10.68% during this period. It is trading below its moving averages across various time frames, indicating a bearish trend. The company's financial health is concerning, with a negative book value and a significant decline in net sales and profits over the last several quarters. Additionally, 36% of promoter shares are pledged, which adds pressure to the stock price in a declining market. In the broader market context, SEL Manufacturing's short-term performance has significantly lagged behind the benchmark, with a 1-week return of -9.69% compared to the Sensex's -1.59%. This consistent underperformance is evident over longer periods as well, with the stock down 46.08% over the past year while the benchmark has remained relatively flat. The company's weak long-term fundamentals, including high debt levels and negative EBITDA, further exacerbate its challenges, making it a risky investment in the current market environment.