Why is South. Magnesium falling/rising?

As of 06-Oct, Southern Magnesium & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs. 93.55, which reflects a decrease of Rs. 4.9 or 4.98%. The stock has hit a new 52-week low today and has been on a downward trend, losing value for the last six consecutive days, resulting in a total drop of 20.38% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. The stock's performance over various time frames has also been poor, with a year-to-date decline of 64.16% and a one-year drop of 72.77%. There is no information available regarding positive or negative factors that could influence the stock's movement.
Broader market context shows that while Southern Magnesium has been underperforming significantly, the benchmark Sensex has seen a slight increase of 1.77% over the past week and a 4.67% rise year-to-date. This stark contrast highlights the stock's struggle in the current market environment, as it has underperformed the sector by 4.87% today alone. The broader market appears to be stable or improving, which further emphasizes the challenges faced by Southern Magnesium & Chemicals Ltd in attracting investor confidence amidst its declining performance.