Why is MIC Electronics falling/rising?

As of 16-Sep, MIC Electronics Ltd is experiencing a slight decline in its stock price, currently at 69.90, reflecting a change of -0.09 or -0.13%. The stock has shown a performance of -1.45% over the past week, while it has significantly outperformed the market with a return of +54.95% over the past month. However, the stock's long-term performance has been concerning, with a year-to-date decline of -17.48% and a one-year drop of -29.49%. Today's trading activity indicates a falling investor participation, with delivery volume down by 48.58% compared to the five-day average. Additionally, the company has 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, which raises concerns about its ability to service debt.
Broader Market Context: In comparison to the benchmark, the Sensex has gained +1.58% over the past week, indicating that MIC Electronics is underperforming relative to the broader market. The stock's recent decline can be attributed to negative financial results, including a significant fall in profits and a decrease in promoter confidence, as they have reduced their stake by 4.42% in the last quarter. This lack of confidence, combined with the stock's substantial underperformance over the past year compared to the market's slight decline, suggests that investors are wary of the company's future prospects, contributing to the downward pressure on its stock price.