Why is SEL Mfg. Co falling/rising?

As of 28-Aug, SEL Manufacturing Company Ltd's stock price is currently flat at 30.00, with no change (0.00%). The stock has shown a decline of 1.64% over the past week and a significant drop of 5.06% over the past month. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a slight increase in delivery volume, the company faces severe challenges, including a negative book value, a high debt-to-equity ratio of 3.05, and poor long-term growth, with net sales declining at an annual rate of -39.06% over the last five years. The company has reported negative results for the last five consecutive quarters, with net sales and profit after tax both decreasing by 82.34% in the latest six months. Furthermore, 36% of promoter shares are pledged, which adds downward pressure on the stock in a falling market.
In the broader market context, SEL Manufacturing Company has underperformed against the benchmark, with a year-to-date return of -33.53% compared to a positive return of 2.48% for the Sensex. Over the last three years, the stock has generated a staggering return of -96.38%, while the benchmark has risen by 36.11%. This consistent underperformance highlights the company's struggles and the negative sentiment surrounding it, contributing to the stock's current price stagnation. The overall market conditions, combined with the company's financial difficulties, suggest a challenging environment for SEL Manufacturing Company moving forward.