Why is MIC Electronics falling/rising?

As of 07-Jul, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 52.23, reflecting a decrease of Rs 1.35 or 2.52%. The stock has underperformed its sector by 2.97% today and has been on a downward trend for the last three days, accumulating a total loss of 3.3%. It reached an intraday low of Rs 51.6, and trading volume has decreased significantly, with delivery volume dropping by 33.54% compared to the five-day average. Over the past year, the stock has generated a return of -39.25%, while its profits have plummeted by 84.8%. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 5.02% and a high Debt to EBITDA ratio of 3.45 times, further contribute to the negative sentiment surrounding the stock.
In the broader market context, MIC Electronics has underperformed significantly compared to the Sensex, which has shown a slight increase of 1.53% over the past month. The stock's performance over the last week is also notably poor, with a decline of 3.03% against the benchmark's minimal drop of 0.20%. This stark contrast highlights the challenges faced by MIC Electronics, particularly in light of its negative financial results and lack of investor confidence, as evidenced by the absence of domestic mutual fund holdings. Overall, the combination of poor financial performance, declining investor participation, and weak market sentiment has led to the stock's current downward trajectory.