Why is Mihika Industrie falling/rising?

As of 30-Oct, Mihika Industries Ltd is experiencing a decline in its stock price, currently at Rs 15.64, which reflects a decrease of Rs 0.11 or 0.7%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 1.94% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 4.73% away from Rs 14.9. Despite a rise in delivery volume by 22.1% against the 5-day average, the overall performance remains weak, with significant losses over the past month (-12.48%) and year-to-date (-35.77%).
In the broader market context, Mihika Industries' recent performance contrasts sharply with the Sensex, which has gained 5.15% over the past month and 8.02% year-to-date. The stock's short-term return of -3.46% over the past week further highlights its underperformance relative to the benchmark, which only declined by 0.18% in the same period. This significant disparity suggests that investor sentiment towards Mihika Industries is negative, compounded by its poor historical performance over one year (-42.18%) and three years (-23.71%), compared to the Sensex's positive returns.