Why is Mohite Industrie falling/rising?

As of 10-Jul, Mohite Industries Ltd is experiencing a price increase, currently at Rs. 2.43, reflecting a change of 0.04 or 1.67% upward. Despite this recent uptick, the stock has faced significant challenges, evidenced by its performance over the past week, month, and year, with declines of 1.22%, 16.78%, and 54.14% respectively. Today's price summary indicates that the stock hit a new 52-week low of Rs. 2.35 earlier in the day but has since outperformed its sector by 1.97%. While the stock is trading below all key moving averages, there has been a notable increase in investor participation, with delivery volume rising by 38.64% against the 5-day average. The company's valuation appears attractive with a low PEG ratio of 0.1, and profits have risen significantly by 126.4% over the past year, despite the stock's overall negative return.
In the broader market context, Mohite Industries' recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of only 0.06% over the past week. The stock's long-term fundamentals remain weak, with a high Debt to EBITDA ratio of 5.09 times and a low average Return on Capital Employed (ROCE) of 6.62%, indicating challenges in servicing debt and sustaining growth. Furthermore, the company's net sales have fallen by 27.6% in the last quarter compared to the previous four-quarter average, contributing to its underperformance relative to the broader market over various time frames. Overall, while there are some positive indicators, the stock's long-term outlook remains concerning, which may influence investor sentiment and price movements.