Why is South. Magnesium falling/rising?

As of 29-Jul, Southern Magnesium & Chemicals Ltd is experiencing a price increase, currently at 155.00, reflecting a change of 1.0 or 0.65% upward. The stock has shown a mixed performance recently, with a 1-week decline of 0.67% while outperforming its sector today by 0.87%. The stock reached an intraday high of Rs 159.8, indicating some positive momentum. However, it is important to note that the stock has underperformed significantly over the past year, with a return of -44.13%, despite a strong 3-year return of +541.82%. The company is facing operating losses and has shown weak long-term fundamental strength, which is a concern for investors. In the broader market context, the Sensex has declined by 1.03% over the past week, indicating that the stock's short-term performance is relatively better than the benchmark. However, the stock's year-to-date performance is concerning, with a decline of 40.61%, contrasting sharply with the Sensex's gain of 4.09%. The company's high price-to-book value ratio suggests it is trading at a premium compared to its peers, which may deter potential investors. Additionally, the falling investor participation, as evidenced by a significant drop in delivery volume, raises questions about the stock's liquidity and future performance.