Why is MIC Electronics falling/rising?

As of 05-Sep, MIC Electronics Ltd is experiencing a significant rise in its stock price, currently at Rs 65.76, reflecting an increase of 9.84 or 17.6%. The stock has shown strong performance today, outperforming its sector by 17.07% and has been on a consecutive gain streak for the last three days, accumulating a total return of 27.69% during this period. Despite the positive short-term performance, the company has faced challenges, including a weak long-term fundamental strength indicated by 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 decreased their stake by 4.42%, which may signal reduced confidence in the company's future prospects.
In the broader market context, MIC Electronics has significantly outperformed the benchmark Sensex in the short term, with a 1-week return of +37.72% compared to the Sensex's +1.13%. However, it is important to note that the stock has underperformed over the longer term, with a year-to-date return of -22.37% against the Sensex's +3.29%. This disparity highlights the volatility and potential risks associated with the stock, as it has generated a negative return of -19.01% over the past year while the broader market has only declined by -1.81%.