Why is MIC Electronics falling/rising?

As of 11-Jul, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 51.10, which represents a decrease of Rs 0.75 or 1.45%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 5.39% during this period. Additionally, the stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being just 3.13% away from Rs 49.5. Over the past month, MIC Electronics has seen a staggering decline of 22.59%, while its year-to-date performance shows a drop of 39.68%. The company's weak long-term fundamentals, highlighted 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 its negative outlook. The recent negative financial results, including a 15.2% drop in profit after tax and the lowest operating profit to interest ratio, have also adversely affected investor sentiment.
In the broader market context, MIC Electronics has underperformed compared to the benchmark, with a one-year return of -40.06% against a market return of 0.52% in the same period. This stark contrast indicates that while the overall market has seen slight gains, MIC Electronics has struggled significantly. The lack of investor confidence is further reflected in the falling delivery volume, which has decreased by 37.44% compared to the 5-day average. Additionally, the absence of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, potentially signaling to other investors that the stock may not be a viable investment at its current price.