Why is SEL Mfg. Co falling/rising?

As of 31-Jul, SEL Manufacturing Company Ltd's stock price is currently at 31.20, reflecting a decrease of 0.7, or 2.19%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days with a total decline of 2.47% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 9.57%, and it has shown significant underperformance over longer periods, with a year-to-date decline of 30.87% and a staggering 46.02% drop over the past year. The company's negative financial indicators, including a negative book value, high debt levels, and poor sales growth, contribute to its weak long-term fundamental strength. Additionally, the company has reported negative results for the last four consecutive quarters, which further exacerbates investor concerns.
In the broader market context, the stock's recent performance is in line with the textile sector, which has also seen a decline of 2.44%. Compared to the benchmark Sensex, SEL Mfg. Co has underperformed significantly, with a 1-month return of -11.36% against the benchmark's -3.00%. The stock's liquidity is low, as indicated by a drastic drop in delivery volume, which fell by 80.47% against the 5-day average. The presence of pledged promoter shares adds to the downward pressure on the stock, particularly in a declining market. Overall, the combination of poor financial performance, negative market sentiment, and sector-wide declines has led to the stock's continued fall.