Why is Mihika Industrie falling/rising?

As of 22-Sep, Mihika Industries Ltd is experiencing a decline in its stock price, currently at 18.70, reflecting a decrease of 0.72 or 3.71%. The stock has underperformed its sector by 3.47% today and has shown erratic trading patterns, not trading on one day out of the last twenty. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's delivery volume has significantly decreased, with a 99.79% drop compared to the 5-day average, suggesting a lack of investor interest. Year-to-date, the stock has fallen by 23.20%, and over the past year, it has decreased by 30.66%, while the benchmark Sensex has shown a positive return of 5.15% during the same period.
In the broader market context, Mihika Industries' short-term performance has been notably poor compared to the Sensex, which has gained 0.46% over the past week and 1.05% over the past month. This stark contrast highlights the company's struggles relative to the overall market. The stock's long-term performance is also concerning, with a 3-year return of -8.78% compared to the Sensex's impressive 38.97% gain. The combination of declining investor participation, poor trading performance, and significant underperformance against the benchmark suggests that Mihika Industries is facing substantial challenges that are contributing to its falling stock price.