Why is South. Magnesium falling/rising?

As of 03-Jul, Southern Magnesium & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 126.90, which reflects a decrease of Rs 2.1 or 1.63%. The stock has underperformed its sector by 1.2% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 2.31%. Additionally, the stock has touched an intraday low of Rs 125.1, indicating significant selling pressure. Over the past week, the stock has decreased by 1.40%, and its year-to-date performance shows a staggering drop of 51.38%. The company's operating losses and weak long-term fundamentals contribute to its negative trajectory, with a reported PAT decline of 50.18% and a PBDIT at its lowest point.
In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has gained 6.53% year-to-date. While the Sensex has shown resilience, Southern Magnesium has significantly lagged, with a one-year return of -43.60% compared to the market's positive returns. This underperformance is compounded by the stock trading at a premium relative to its peers, despite its declining profits. The rising investor participation, indicated by a 104.14% increase in delivery volume, suggests some interest, but the overall sentiment remains negative due to the company's financial struggles and the broader market's upward trend.