Why is MIC Electronics falling/rising?

As of 30-Jul, MIC Electronics Ltd is currently priced at 52.70, reflecting an increase of 0.9 or 1.74%. Despite this uptick, the stock has shown a negative performance over various periods, including a 1-week decline of 3.20% and a year-to-date drop of 37.79%. Today's price summary indicates that the stock has outperformed its sector by 1.13%, although it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The recent rise in investor participation, with a delivery volume increase of 14.95% against the 5-day average, contrasts with the company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 5.02% and a high Debt to EBITDA ratio of 3.45 times. Additionally, the promoters have reduced their stake by 4.42%, signaling a potential lack of confidence in the company's future.
Broader market context shows that while the stock has outperformed its sector today, it has significantly underperformed the benchmark over the past year, with a return of -35.61% compared to the BSE500's -2.34%. This stark contrast highlights the challenges faced by MIC Electronics, as it has not only struggled to generate positive returns but has also seen a substantial decline in profits, falling by 84.8% over the past year. The combination of weak financial metrics, reduced promoter confidence, and a significant underperformance relative to the broader market suggests that the stock's recent price movements may not be sustainable in the long term.