Why is MIC Electronics falling/rising?

As of 29-Jul, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 51.80, which reflects a decrease of Rs 0.29 or 0.56%. The stock has underperformed its sector by 1.24% today and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 1.35%, and its year-to-date performance shows a significant drop of 38.85%. The company has also reported a substantial decline in profits, with a year-over-year return of -38.33% and a staggering -84.8% drop in profits, contributing to a perception of weak long-term fundamental strength. Additionally, the recent decrease in promoter stake by 4.42% suggests a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has shown a slight decline of 1.03% over the past week, MIC Electronics' performance has been notably worse, indicating a significant underperformance relative to the benchmark. The stock's liquidity appears adequate, with a notable increase in delivery volume, but this does not offset the negative sentiment stemming from its financial metrics, including a high Debt to EBITDA ratio and low Return on Capital Employed. Overall, the combination of weak financial results, declining promoter confidence, and substantial underperformance compared to the market has contributed to the stock's downward movement.