Why is South. Magnesium falling/rising?

As of 25-Jul, Southern Magnesium & Chemicals Ltd's stock price is currently at 157.80, reflecting an increase of 6.2, or 4.09%. The stock has shown a performance today that outperformed its sector by 5.75%, reaching an intraday high of Rs 160.1. However, despite this positive movement, the stock has experienced a significant decline over the past year, with a return of -37.38%. The company is facing operating losses and has reported negative financial results, including a 50.18% decline in profit after tax over the past nine months. Additionally, the stock is trading at a premium compared to its peers, which may deter some investors.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-year return of -37.38% against the BSE500's negative return of -0.19%. While the stock has shown a positive return of 25.04% over the past month, the overall trend indicates a weak long-term fundamental strength, which is compounded by falling investor participation and liquidity issues. This combination of factors suggests that while there may be short-term gains, the long-term outlook remains challenging for Southern Magnesium & Chemicals Ltd.