Why is SEL Mfg. Co falling/rising?

As of 24-Sep, SEL Manufacturing Company Ltd's stock price is currently at 30.46, reflecting a slight increase of 0.02, or 0.07%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 0.5% today. However, it remains below several moving averages, indicating potential weakness. Over the past week, the stock has increased by 0.46%, while it has significantly underperformed the benchmark Sensex over longer periods, with a year-to-date decline of 32.51% compared to a 4.58% gain in the index. The company is facing serious challenges, including a negative book value, high debt levels, and poor long-term growth, with net sales declining at an annual rate of 39.06% 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: In the context of the broader market, SEL Manufacturing Company Ltd's recent performance contrasts sharply with the Sensex, which has shown resilience with a 4.58% gain year-to-date. The stock's short-term performance of +0.46% over the past week is a minor positive amidst a backdrop of consistent underperformance against the benchmark over the last three years. The significant drop in investor participation, evidenced by a 30.14% decrease in delivery volume, further complicates the stock's outlook. With 36% of promoter shares pledged, the stock is under additional pressure, particularly in a declining market, which may hinder any potential recovery despite today's slight uptick.