Why is Mohit Industries falling/rising?

As of 24-Sep, Mohit Industries Ltd's stock price is currently at Rs 34.48, reflecting an increase of Rs 1.44 or 4.36%. Today, the stock opened with a gain of 2.91% and reached an intraday high of Rs 34.48, outperforming its sector by 4.79%. However, the stock has shown high volatility today with an intraday volatility of 6.22%. Over the past week, the stock has declined by 4.99%, but it has generated a positive return of 15.74% over the last year, indicating some resilience despite a significant year-to-date decline of 22.67%. The company's long-term performance has been strong, with an 81.95% return over the last three years, but it faces challenges such as weak long-term fundamental strength and a negative EBITDA, which may be contributing to mixed investor sentiment.
In the broader market context, while Mohit Industries has outperformed the Sensex over the past year, the stock's recent performance contrasts with the benchmark's decline of 1.18% over the past week. The stock's ability to generate returns has been overshadowed by its weak operating profit growth and low profitability metrics, which raise concerns about its long-term viability. Additionally, the falling investor participation, as indicated by a significant drop in delivery volume, suggests a cautious outlook among investors, despite the stock's positive short-term movement.