Why is MIC Electronics falling/rising?

As of 22-Sep, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 63.96, which reflects a decrease of Rs 2.2 or 3.33%. The stock has underperformed its sector by 3.09% today and has been on a consecutive downward trend for the last two days, with a total drop of 5.69% during this period. The stock's performance over the past week shows a significant decline of 8.62%, while it has seen a substantial increase of 27.03% over the past month. However, the year-to-date return is notably negative at -24.50%, and over the last year, it has fallen by 35.15%. The company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 5.02% and a high Debt to EBITDA ratio of 3.45 times, contribute to its current struggles. Additionally, the promoters have reduced their stake by 4.42%, indicating a lack of confidence in the company's future.
In the broader market context, while the Sensex has shown a slight gain of 0.46% over the past week, MIC Electronics has significantly lagged behind, highlighting its underperformance relative to the market. The stock's liquidity remains adequate for trading, but the recent drop in delivery volume by 13.38% against the five-day average suggests decreasing investor interest. Furthermore, the company's negative financial results, including a 15.2% decline in profit after tax and a concerning operating profit to interest ratio, further exacerbate the situation. Overall, the combination of weak fundamentals, declining promoter confidence, and poor recent performance relative to the market has led to the stock's current downward trajectory.