Why is SEL Mfg. Co falling/rising?

As of 29-Jul, SEL Manufacturing Company Ltd is experiencing a price increase, currently at 31.99, reflecting a change of 0.39 or 1.23% upward. Despite this recent uptick, the stock has shown a significant decline over the past week and month, with returns of -7.41% and -8.60%, respectively. The stock has outperformed its sector by 0.59% today, marking a trend reversal after three consecutive days of decline. However, it is trading below all its moving averages, indicating a bearish trend. The company has a negative book value and has reported poor long-term growth, with net sales declining at an annual rate of -35.35% over the last five years. Additionally, the company has declared negative results for the last four consecutive quarters, which has contributed to its weak long-term fundamental strength.
In the broader market context, while SEL Manufacturing Company has seen a slight rise today, it has consistently underperformed against the benchmark, with a year-to-date return of -29.12% compared to the Sensex's positive return of 4.09%. The stock's performance over the last three years has been particularly poor, with a staggering -96.02% return, contrasting sharply with the benchmark's 41.28% gain. The high debt levels and the fact that 36% of promoter shares are pledged add to the stock's risk profile, potentially exerting additional downward pressure in a falling market. Overall, while there is a minor upward movement today, the long-term outlook remains concerning due to the company's financial instability and historical underperformance.