Why is South. Magnesium falling/rising?

As of 01-Jul, Southern Magnesium & Chemicals Ltd's stock price is currently at 129.90, reflecting an increase of 2.9, or 2.28%. Today, the stock opened with a gain of 5.28% and reached an intraday high of Rs 133.85, outperforming its sector by 2.3%. Despite this positive movement, the stock has shown a significant decline over the past month, down 14.48%, and a staggering 50.23% year-to-date. The company has been facing challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative PAT growth of -50.18% and a low PBDIT. Additionally, while the stock has seen increased investor participation with a 320.97% rise in delivery volume, it still trades at a high Price to Book Value of 3.1, suggesting an expensive valuation relative to its peers.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 4.97% over the past week, while the Sensex itself has only gained 2.00%. However, over the last year, Southern Magnesium has underperformed significantly, with a return of -43.16% compared to the market's 3.20%. This disparity highlights the stock's struggle to maintain investor confidence despite short-term gains, as its long-term performance remains weak amidst operating losses and declining profits.