Why is SEL Mfg. Co falling/rising?

As of 01-Sep, SEL Manufacturing Company Ltd's stock price is currently at Rs 30.68, reflecting an increase of Rs 1.13 or 3.82%. Despite this positive movement today, the stock opened with a loss of 4.64% and reached an intraday low of Rs 28.18 before recovering. Over the past week, the stock has shown a slight gain of 0.46%, but it has significantly underperformed over longer periods, with a year-to-date decline of 32.02% and a staggering 52.18% drop over the last year. The company is facing serious challenges, including a negative book value, high debt levels, and poor long-term growth, as evidenced by a 39.06% annual decline in net sales over the last five years. Additionally, the company has reported negative results for the last five consecutive quarters, which has contributed to its risky trading status.
Broader market context indicates that while SEL Manufacturing has outperformed its sector by 2.78% today, it remains in a precarious position compared to the benchmark, with the Sensex declining by 1.56% over the past week. The stock's long-term performance has been consistently poor, with a 96.11% decline over the last three years, contrasting sharply with the Sensex's gain of 36.75% during the same period. The high percentage of pledged promoter shares further exacerbates the stock's vulnerability in a declining market, adding downward pressure on its price. Overall, while there was a brief recovery today, the underlying fundamentals and market conditions suggest a challenging environment for SEL Manufacturing Company Ltd.