Why is Mid India Inds. falling/rising?

As of 01-Aug, Mid India Industries Ltd is currently priced at 7.40, showing no change (0.00%). The stock has underperformed in the short term, with a 1-week return of -1.07% and a 1-month return of -1.99%. Despite outperforming its sector by 2.75% today, it is trading below all key moving averages, indicating a bearish trend. The company has a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of -4.07% over the last five years. Additionally, the stock has generated a return of -29.66% over the past year, while profits have increased by 51%, suggesting a risky investment environment.
In the broader market context, the Sensex has also experienced a slight decline of -1.06% over the past week and a more significant drop of -3.70% over the past month. While Mid India Industries Ltd has shown some resilience by outperforming its sector today, its consistent underperformance against the benchmark over the last three years, coupled with a high debt-to-equity ratio and negative EBITDA, paints a concerning picture for potential investors. The overall market sentiment appears to be cautious, reflecting the company's ongoing struggles in a challenging economic environment.