Why is MIC Electronics falling/rising?

As of 05-Aug, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 51.35, which reflects a decrease of Rs 0.66 or 1.27%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.6% away from Rs 49.5. The performance today shows that it has underperformed its sector by 2.18%, and there has been a significant drop in investor participation, with delivery volume falling by 61.31% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 35.86%, while year-to-date, it has dropped 39.38%.
In the broader market context, the Sensex has shown a slight decline of 0.77% over the past week and a modest gain of 3.29% year-to-date. Compared to the benchmark, MIC Electronics' short-term performance has been weaker, with a 1-week return of -0.87% against the Sensex's -0.77%. This underperformance, coupled with the significant drop in trading volume and the stock's position near its 52-week low, suggests a lack of investor confidence and a challenging environment for the stock, contributing to its recent price decline.