Why is Mid India Inds. falling/rising?

As of 02-Jul, Mid India Industries Ltd is experiencing a decline in its stock price, currently at 7.30, which reflects a decrease of 0.25 or 3.31%. The stock has underperformed its sector by 3.53% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.65% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has a negative book value and shows weak long-term fundamental strength, with net sales declining at an annual rate of 5.30% and a high debt-to-equity ratio. This combination of factors contributes to the stock's recent poor performance, which has seen a significant decline of 21.67% year-to-date and 25.05% over the past year.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has gained 6.75% year-to-date. Over the last week, while Mid India Industries Ltd has dropped 8.18%, the Sensex has risen by 0.79%. This consistent underperformance against the benchmark over the last three years, coupled with a negative EBITDA and flat results in March 2025, indicates that investor confidence is waning. The falling investor participation, evidenced by an 84.45% drop in delivery volume compared to the 5-day average, further underscores the stock's declining appeal in the market.