Why is South. Magnesium falling/rising?

As of 07-Jul, Southern Magnesium & Chemicals Ltd is currently priced at 130.00, reflecting a slight increase of 0.05 (0.04%). The stock has shown a positive trend recently, gaining 2.44% over the last two days and outperforming its sector by 1.62%. However, despite this short-term gain, the stock has underperformed significantly over the past month and year, with returns of -5.39% and -46.06%, respectively. The company is 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 of Rs -0.20 cr. Additionally, the stock is trading at a premium compared to its peers, with a Price to Book Value of 3.1, which may deter potential investors.
In the broader market context, while the stock has recently outperformed the sector, it has lagged behind the benchmark index, Sensex, which has shown a slight decline of -0.20% over the past week. The stock's year-to-date performance is particularly concerning, with a staggering decline of -50.19%, contrasting sharply with the Sensex's positive return of 6.79% during the same period. This underperformance highlights the challenges faced by Southern Magnesium & Chemicals Ltd, as it struggles to maintain investor confidence amidst significant operational losses and a lack of strong financial fundamentals.