Why is Mid India Inds. falling/rising?

As of 06-Aug, Mid India Industries Ltd's stock price is currently at 7.16, reflecting a decrease of 0.19, or 2.59%. The stock has been underperforming, having lost 9.94% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown a significant decline in performance over various periods, with a year-to-date drop of 23.18% and a one-year decline of 34.37%. While there has been a rise in delivery volume, indicating increased investor participation, the overall sentiment remains negative as the stock has underperformed its sector by 0.52%.
In the broader market context, the Sensex has only fallen by 1.15% over the past week, contrasting with Mid India Industries Ltd's decline of 4.53%. This suggests that the stock is not only underperforming relative to the market but also to its sector, which has seen a decrease of 2.07%. The significant drop in the stock's price over the past three years, at 65.99%, further highlights its struggles compared to the benchmark's positive return of 37.95% during the same period. Overall, the combination of poor stock performance, negative trends in moving averages, and a lack of positive factors contributes to the stock's downward trajectory.