Why is Mihika Industrie falling/rising?

As of 24-Sep, Mihika Industries Ltd is experiencing a decline in its stock price, currently at 18.70, which reflects a decrease of 0.49 or 2.55%. The stock has underperformed its sector today by 2.36%, and it 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. Over the past week, the stock has decreased by 3.56%, and it has significantly underperformed the benchmark Sensex, which has only declined by 1.18%. The company's recent performance is further impacted by a drastic drop in delivery volume, which fell by 96.06% compared to the 5-day average, indicating a lack of investor interest.
In the broader market context, while Mihika Industries has faced a 29.33% decline over the past year, the Sensex has only decreased by 3.77%, highlighting the stock's significant underperformance relative to the market. The company has reported positive results for the last four consecutive quarters, with net sales higher at Rs 29.43 crore; however, it is burdened by operating losses and weak long-term fundamental strength, as indicated by a negative EBITDA and poor ability to service its debt. This combination of factors contributes to a perception of risk surrounding the stock, leading to its current downward trajectory.