Why is MIC Electronics falling/rising?

As of 19-Sep, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 66.16, which reflects a decrease of Rs 1.66 or 2.45%. The stock has underperformed its sector by 1.99% today, touching an intraday low of Rs 65.87. Over the past week, the stock has fallen by 5.13%, while it has shown a significant increase of 35.85% over the past month. However, year-to-date, it has dropped by 21.90%, and over the last year, it has decreased by 36.27%. 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 times, contribute to investor concerns. Additionally, the promoters have reduced their stake by 4.42%, indicating a lack of confidence in the company's future prospects.
Broader market context shows that while the Sensex has gained 0.88% over the past week, MIC Electronics has significantly lagged behind with its 5.13% decline. The stock's performance has been particularly poor over the last year, where it has underperformed the broader market, which saw a decline of only 1.96%. The falling investor participation, as evidenced by a 23.06% drop in delivery volume, further exacerbates the stock's challenges, suggesting a lack of interest among investors. Overall, the combination of weak financial performance, reduced promoter confidence, and underperformance relative to the market contributes to the stock's current downward trend.