Why is Mid India Inds. falling/rising?

As of 29-Aug, Mid India Industries Ltd is experiencing a decline in its stock price, currently at 7.47, reflecting a decrease of 0.28 or 3.61%. The stock has underperformed its sector by 2.91% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 11.07% 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 bearish trend. The company has a negative book value and a weak long-term fundamental strength, with net sales declining at an annual rate of 4.07% and operating profit stagnating at 0% over the past five years. Furthermore, the stock's high debt levels and negative EBITDA contribute to its risky profile, which is reflected in its poor performance, generating a return of -40.48% over the last year.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a 1-week return of -9.34% compared to the Sensex's -1.84%. Over the past year, while the Sensex has gained 2.14%, Mid India Industries has seen a significant decline of 19.85% year-to-date. This underperformance is compounded by a substantial drop in investor participation, with delivery volume falling by 64.17% against the 5-day average. The overall market sentiment appears to be unfavorable for Mid India Industries, as evidenced by its continued decline and the broader market's relative stability.