Why is MIC Electronics falling/rising?

As of 09-Sep, MIC Electronics Ltd is currently priced at Rs 70.93, reflecting a decline of Rs 7.78 or 9.88%. The stock has underperformed its sector by 8.54% today, following a trend reversal after four consecutive days of gains. It reached an intraday high of Rs 82.82 but fell to a low of Rs 70.84, indicating high volatility with an intraday fluctuation of 11.71%. Over the past week, the stock has shown a significant increase of 37.73%, and a remarkable 54.90% rise over the past month. However, its year-to-date performance remains negative at -16.27%, with a troubling decline in profits of 84.8% over the past year. 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, contribute to the stock's current downward movement. Additionally, a decrease in promoter stake by 4.42% may indicate reduced confidence in the company's future.
In the broader market context, the Sensex has only increased by 1.18% over the past week and 1.56% over the past month, which suggests that MIC Electronics' short-term performance is significantly outperforming the benchmark. However, the stock's year-to-date decline of -16.27% contrasts sharply with the Sensex's positive return of 3.79%, indicating that while the stock has had a strong short-term rally, its long-term outlook remains concerning. The combination of high volatility, weak fundamentals, and diminishing promoter confidence has led to the stock's current decline despite recent gains.