Why is Mid India Inds. falling/rising?

As of 27-Jun, Mid India Industries Ltd is experiencing a decline in its stock price, currently at 7.53, which reflects a decrease of 0.17 or 2.21%. The stock has underperformed its sector by 2.94% today and has been on a downward trend for the last two days, accumulating a total decline of 5.28%. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a return of -2.21%, and its year-to-date performance shows a significant drop of 19.21%. The company is also facing challenges with a negative book value and weak long-term fundamental strength, as evidenced by a poor growth rate in net sales and high debt levels.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with the Sensex gaining 2.00% over the past week while Mid India Industries Ltd has declined. This consistent underperformance is highlighted by the stock's negative returns over the past year and three years, where it has lagged behind the BSE 500 index. The company's financial health is further questioned due to its negative EBITDA and high debt-to-equity ratio, which contribute to its perception as a risky investment. Overall, these factors indicate that the stock's decline is driven by both its specific financial challenges and its inability to keep pace with the broader market trends.