Why is Mid India Inds. falling/rising?

As of 25-Sep, Mid India Industries Ltd is experiencing a decline in its stock price, currently at 7.93, which reflects a decrease of 0.41 or 4.92%. The stock has underperformed its sector by 3.79% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.14% during this period. Over the past week, the stock has shown a slight increase of 0.76%, but it has significantly underperformed over longer periods, with a year-to-date decline of 14.91% and a staggering 27.45% drop over the past year. The company is facing challenges, including a negative book value and weak long-term fundamentals, as evidenced by a lack of growth in net sales and operating profit over the last five years. Additionally, the stock is considered risky due to its negative EBITDA and high debt levels.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has shown a modest increase of 3.87% year-to-date, Mid India Industries Ltd's significant decline highlights its struggles in comparison to the overall market. The falling investor participation, with a notable drop in delivery volume, further indicates a lack of confidence among investors, contributing to the stock's downward trajectory.