Why is MIC Electronics falling/rising?

As of 12-Sep, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 69.74, which reflects a decrease of Rs 2.26 or 3.14%. The stock has underperformed its sector by 2.43% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7% during this period. Despite touching an intraday high of Rs 73.7, the stock also reached a low of Rs 68.16, indicating significant volatility. Over the past week, the stock has shown a positive return of 6.05%, but its year-to-date performance remains negative at -17.67%. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 5.02% and a high Debt to EBITDA ratio of 3.45, contribute to investor concerns. Additionally, the promoters have reduced their stake by 4.42%, signaling a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has increased by 1.48% over the past week, MIC Electronics has lagged behind with its 6.05% gain. The stock's performance over the last year has been particularly poor, with a return of -22.44%, significantly underperforming the market's decline of only -1.28%. This stark contrast highlights the challenges faced by MIC Electronics, as it struggles with negative results and declining profitability, which have led to reduced investor confidence and a lack of support in the market.