Why is South. Magnesium falling/rising?

As of 02-Jul, Southern Magnesium & Chemicals Ltd is experiencing a decline in its stock price, currently at 129.00, which reflects a decrease of 0.9 or 0.69%. The stock's performance today is reported to be in line with its sector, although it is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent increase in investor participation, with delivery volume rising by 51.01% against the 5-day average, the stock has significantly underperformed in the longer term, with a year-to-date decline of 50.57% and a one-year drop of 43.67%. The company's weak long-term fundamental strength, highlighted by operating losses and a negative profit trajectory, further exacerbates its price decline.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has generated a return of -43.67% over the past year while the BSE500 index has returned 3.11%. This stark underperformance indicates that investor sentiment towards Southern Magnesium is negative, particularly given its expensive valuation relative to peers and the significant operating losses reported. The company's financial struggles, including a decrease in profits and low returns on equity, contribute to a lack of confidence among investors, leading to the stock's downward movement despite some short-term trading activity.