Why is Madhusudan Inds. falling/rising?

As of 25-Sep, Madhusudan Industries Ltd is experiencing a decline in its stock price, currently at 40.21, reflecting a decrease of 0.79 or 1.93%. The stock has underperformed its sector by 0.92% today and has been on a downward trend for the past two days, resulting in a total loss of 5.48% 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 weak performance. The delivery volume has also dropped significantly, falling by 55.75% compared to the 5-day average, which suggests declining investor interest. The company has shown weak long-term fundamental strength with a low CAGR growth in operating profits and a negative EBIT to interest ratio, further contributing to the stock's poor performance.
In the broader market context, Madhusudan Industries has underperformed significantly compared to the benchmark, with a year-to-date return of -29.46% against the Sensex's positive return of 3.87%. Over the past year, while the BSE500 index has declined by 5.88%, Madhusudan's stock has plummeted by 32.44%, indicating a much steeper decline. This stark contrast highlights the company's struggles, including negative EBITDA and a reliance on non-operating income, which constitutes a large portion of its profit before tax. Overall, these factors paint a concerning picture for investors, leading to the stock's current downward trajectory.