Why is South. Magnesium falling/rising?

As of 30-Jun, Southern Magnesium & Chemicals Ltd's stock price is currently at 127.00, reflecting a decrease of 4.25, or 3.24%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. Today's performance indicates that it underperformed its sector by 3.36%, with an intraday high of Rs 135.95 and a low of Rs 124.7. Over the past month, the stock has seen a significant decline of 16.39%, and its year-to-date performance shows a staggering drop of 51.34%. The company has reported operating losses and has weak long-term fundamental strength, with a negative PAT growth of 50.18% and a PBDIT at its lowest. Additionally, the stock is trading at a premium compared to its peers, which may contribute to its recent price decline.
In the broader market context, the stock's short-term return of 4.66% over the past week contrasts sharply with its long-term performance, where it has underperformed the benchmark, the Sensex, which has returned 2.09% in the same period. Over the last year, while the Sensex has generated returns of 5.79%, Southern Magnesium has suffered a significant decline of 42.53%. This underperformance, coupled with falling investor participation and liquidity issues, suggests that market sentiment remains negative towards the stock, contributing to its current price decline.