Why is Mohite Industrie falling/rising?

As of 04-Jul, Mohite Industries Ltd's stock is currently priced at Rs. 2.42, reflecting a decrease of Rs. 0.04 or 1.63%. The stock has recently hit a new 52-week low and has been on a downward trend, having fallen consecutively for the last seven days, resulting in a total decline of 12.32% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish sentiment. Investor participation has also decreased, with delivery volume dropping by 29.8% compared to the 5-day average, which suggests a lack of confidence among investors. The stock's performance over the past week shows a significant decline of 9.02%, while over the past month, it has fallen by 17.69%, contrasting sharply with the Sensex, which has gained 3.01% in the same timeframe.
In the broader market context, Mohite Industries' recent performance starkly contrasts with the benchmark Sensex, which has shown resilience with a 3.01% increase over the past month. The stock's year-to-date decline of 60.92% further emphasizes its underperformance relative to the Sensex's 6.77% gain. This disparity highlights the challenges faced by Mohite Industries in attracting investor interest and maintaining market confidence, especially given the broader market's positive trajectory. The lack of available positive factors further compounds the difficulties for the stock, as there are no indications of potential catalysts that could reverse its current downward trend.