Why is Mohite Industrie falling/rising?

As of 03-Jul, Mohite Industries Ltd is experiencing a decline in its stock price, currently at Rs. 2.46, which reflects a decrease of 0.05 or 1.99%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last six days, resulting in a total drop of 10.87% during this period. Additionally, the stock has underperformed its sector by 2.29%. Over the past week, it has seen a significant decline of 9.23%, and over the last month, it has dropped 18.00%. Despite a substantial profit increase of 126.4% over the past year, the stock's return has plummeted by 56.06%, indicating weak long-term fundamental strength and a high Debt to EBITDA ratio of 5.09 times, which contributes to its negative performance.
In the broader market context, while the Sensex has gained 3.10% over the past month, Mohite Industries has significantly underperformed, highlighting a stark contrast in performance. The stock's recent struggles are compounded by falling investor participation, with delivery volume decreasing by 44.67% against the five-day average. This lack of interest, combined with the stock trading below all major moving averages, suggests a lack of confidence among investors. Overall, the combination of poor short-term performance, high debt levels, and weak growth prospects has led to the stock's decline in value.