Why is Mohite Industrie falling/rising?

As of 07-Jul, Mohite Industries Ltd's stock price is currently flat at Rs. 2.42, with no change in percentage terms. The stock recently hit a new 52-week low of Rs. 2.38, indicating a downward trend. Over the past week, the stock has decreased by 7.28%, and it has significantly underperformed the benchmark Sensex, which has only declined by 0.20%. Despite a notable increase in investor participation, with delivery volume rising by 120.11% against the 5-day average, the stock is trading below all its moving averages, suggesting a bearish sentiment. The company has a very attractive valuation with a ROCE of 7.2 and a PEG ratio of 0.1, yet it has generated a return of -55.86% over the past year, indicating that while profits have increased by 126.4%, the stock's performance remains weak due to poor long-term growth and high debt levels.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a year-to-date decline of 60.92% compared to the Sensex's gain of 6.79%. This stark contrast highlights the challenges Mohite Industries faces in terms of long-term growth, as evidenced by its low net sales growth and high debt-to-EBITDA ratio. The company's recent financial struggles, including a significant drop in quarterly net sales and low operating profit relative to interest, further contribute to the negative sentiment surrounding the stock. Overall, while there are some attractive valuation metrics, the combination of weak fundamentals and poor recent performance has led to a lack of investor confidence.