Why is SEL Mfg. Co falling/rising?

As of 29-Aug, SEL Manufacturing Company Ltd is experiencing a decline in its stock price, currently at 29.55, reflecting a decrease of 0.45 or 1.5%. The stock has underperformed its sector by 0.8% today and 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 4.71%, and it has shown a significant decline of 34.52% year-to-date. The company's financial health is concerning, with a negative book value and a high debt-to-equity ratio of 3.05 times. Additionally, the company has reported negative results for the last five consecutive quarters, with net sales and profit after tax both declining sharply. The fact that 36% of promoter shares are pledged adds further pressure on the stock price. In the broader market context, SEL Manufacturing Company has consistently underperformed against the benchmark, with a return of -52.26% over the past year compared to a modest gain of 2.14% for the Sensex. This underperformance is evident over longer periods as well, with the stock showing a staggering decline of 96.25% over the last three years, while the benchmark has increased by 37.67%. The falling investor participation, as indicated by a 55.74% drop in delivery volume, suggests a lack of confidence among investors, further contributing to the stock's downward trajectory. Overall, the combination of poor financial performance, high debt levels, and negative market sentiment is driving the stock lower.