Why is South. Magnesium falling/rising?

As of 30-Sep, Southern Magnesium & Chemicals Ltd is experiencing a decline in its stock price, currently at 105.00, which reflects a decrease of 3.1 or 2.87%. The stock has recently hit a new 52-week low of Rs.102.7 and has been on a downward trend, falling consecutively for the last three days with a total decline of 10.64%. Over the past week, the stock has underperformed significantly, with a return of -9.17%, while the broader market benchmark, Sensex, has only declined by 2.23%. The company's operating losses and weak long-term fundamental strength are contributing factors, as evidenced by a negative PAT and EPS reported in the latest quarter. Additionally, the stock is trading at a premium compared to its peers, which, combined with a substantial year-over-year decline of 67.58% in returns, indicates a challenging financial position.
In the broader market context, while the stock has underperformed the market over the past year, the non-ferrous metal sector has shown some resilience, gaining 2.86%. This contrast highlights the difficulties faced by Southern Magnesium & Chemicals Ltd, as it has not only lagged behind the sector but also the overall market, which has seen a negative return of 6.58% in the same timeframe. The rising investor participation, indicated by an increase in delivery volume, suggests some interest in the stock despite its recent performance, but the overall sentiment remains negative due to the company's financial struggles and poor valuation metrics.