Why is MIC Electronics falling/rising?

As of 10-Jul, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 51.85, reflecting a decrease of -0.08 or -0.15%. The stock has been underperforming significantly, with a consecutive fall over the last six days, resulting in a total decline of -4%. It is also trading close to its 52-week low, just 4.53% away from Rs 49.5. Over the past month, the stock has dropped by -21.97%, while its year-to-date performance shows a staggering decline of -38.79%. The company's weak long-term fundamentals, indicated by a low Return on Capital Employed (ROCE) of 5.02% and a high Debt to EBITDA ratio of 3.45 times, contribute to its negative outlook. Additionally, the recent financial results have shown a significant drop in profits, with a -15.2% decrease in PAT, further exacerbating investor concerns.
In the broader market context, while the Sensex has shown a slight increase of +0.97% over the past month, MIC Electronics has notably underperformed, highlighting a stark contrast in performance. The stock's one-year return of -40.64% starkly contrasts with the market's positive return of +1.46%, indicating a lack of investor confidence. The absence of domestic mutual fund investment, which stands at 0%, suggests that institutional investors may not find the current price or business fundamentals appealing. Overall, the combination of poor financial performance, negative investor sentiment, and significant underperformance relative to the market contributes to the stock's downward trajectory.