Why is MIC Electronics falling/rising?

As of 14-Jul, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 50.80, reflecting a decrease of -0.3 or -0.59%. The stock has been on a downward trend, losing value for the last eight consecutive days and showing a total decline of -5.94% during this period. It is also trading close to its 52-week low, just 2.56% above Rs 49.5. Over the past month, the stock has fallen significantly by -21.12%, while its year-to-date performance shows a staggering decline of -40.03%. 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 performance. Additionally, the stock's valuation appears expensive relative to its peers, and it has underperformed the market, with a -41.94% return over the past year compared to a positive return of 0.26% for the broader market.
In the broader market context, the Sensex has shown a decline of -1.42% over the past week, indicating that while MIC Electronics is also falling, it is underperforming relative to the benchmark. The stock's performance is further exacerbated by a decrease in investor participation, as evidenced by a drop in delivery volume. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects. Overall, the combination of poor financial results, high debt levels, and significant underperformance compared to both the market and its peers has led to the stock's continued decline.