Why is Mohite Industrie falling/rising?

As of 09-Jul, Mohite Industries Ltd's stock price is currently at Rs 2.39, reflecting a decrease of Rs 0.06 or 2.45%. The stock has been trading lower than its moving averages across various periods, indicating a bearish trend. Over the past week, the stock has underperformed, with a return of -4.78% compared to a slight gain of +0.15% in the Sensex. Additionally, the stock is close to its 52-week low, just 0.42% away from Rs 2.38. Despite a significant rise in profits by 126.4% over the past year, the stock has generated a return of -54.04%, suggesting that the market is not valuing these profits positively. The company's weak long-term fundamentals, including a high Debt to EBITDA ratio and low growth in net sales, contribute to its negative performance.
In the broader market context, while the Sensex has shown a positive return of +1.32% over the past month, Mohite Industries has experienced a substantial decline of -17.01% during the same period. This stark contrast highlights the stock's struggles relative to the overall market. The rising investor participation, indicated by a 54.23% increase in delivery volume, may suggest some interest in the stock despite its recent poor performance. However, the overall sentiment remains negative due to the company's weak long-term growth prospects and inability to service its debt effectively, leading to a perception of the stock as a strong sell.