Why is Mohit Industries falling/rising?

As of 02-Jul, Mohit Industries Ltd is experiencing a decline in its stock price, currently at Rs 28.04, which reflects a decrease of 1.46 or 4.95%. The stock has underperformed its sector by 5.17% today, with an intraday low of Rs 27, marking a significant drop of 8.47%. Over the past week, the stock has decreased by 4.95%, and its year-to-date performance shows a substantial decline of 37.12%. The company is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 23.13% compared to the five-day average. The company's long-term fundamentals are weak, highlighted by a -184.87% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of 0.19, which suggests difficulties in servicing debt.
In the broader market context, while the Sensex has gained 0.79% over the past week, Mohit Industries has significantly lagged behind, indicating a lack of investor confidence in the stock relative to the overall market. The stock's performance over the past month shows a decline of 9.55%, contrasting with the Sensex's increase of 2.50%. Despite a modest return of 1.89% over the past year, the company's profits have decreased by 26%, further contributing to its negative outlook. The combination of weak fundamentals, poor profitability, and declining investor interest has resulted in a strong sell sentiment for Mohit Industries, leading to its current price decline.