Why is Mid India Inds. falling/rising?

As of 09-Sep, Mid India Industries Ltd is experiencing a decline in its stock price, currently at 7.63, reflecting a change of -0.7 or -8.4%. The stock has underperformed its sector by 8.42% today and has fallen after three consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.63%, while it has shown a modest increase of 4.52% over the past month. However, the long-term performance remains concerning, with a year-to-date decline of 18.13% and a staggering 37.20% drop over the past year. The company also has a negative book value and a weak long-term growth outlook, with net sales declining at an annual rate of 4.07% over the last five years.
In the broader market context, the Sensex has increased by 1.18% over the past week and 1.56% over the past month, contrasting with Mid India Industries' negative returns. This underperformance highlights the stock's struggles relative to the benchmark. Despite a significant rise in delivery volume, which increased by 263.91% against the five-day average, the overall sentiment remains negative due to the company's high debt levels and poor profitability metrics, including a negative EBITDA. The stock's risky valuation compared to historical averages further exacerbates investor concerns, leading to its current downward trajectory.