Why is MIC Electronics falling/rising?

As of 13-Aug, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 46.20, which represents a decrease of -0.36 or -0.77%. The stock has underperformed its sector by -1.48% today and has been on a downward trend for the last two days, accumulating a total drop of -2.53%. Over the past week, the stock has fallen by -8.59%, and it is currently trading close to its 52-week low, just 3.68% above Rs 44.5. 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, contribute to the negative sentiment. Additionally, the promoters have reduced their stake by -4.42%, indicating a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has remained relatively stable with a minimal change of -0.01% over the past week, MIC Electronics has significantly lagged behind, with a -9.59% drop over the last month compared to the benchmark's -2.38%. This stark contrast emphasizes the stock's underperformance, particularly as it has generated a return of -40.38% over the past year, while the market has only declined by -0.64%. The combination of poor financial results, decreasing promoter confidence, and a lack of investor participation further exacerbates the stock's challenges, leading to its current downward trajectory.