Why is MIC Electronics falling/rising?

As of 23-Sep, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 62.90, reflecting a decrease of Rs 1.06 or 1.66%. The stock has been on a downward trend, having lost 7.25% over the last three days, and it has underperformed significantly in the past week with a return of -10.01%, compared to a minor decline of -0.34% in the Sensex. Today's trading saw the stock reach an intraday high of Rs 69.5 but also dip to a low of Rs 62.19, indicating a wide trading range of Rs 7.31. The stock's performance is further impacted by a notable decrease in investor participation, with delivery volume dropping by 53.31% against the five-day average. Additionally, the company has shown weak long-term fundamentals, with 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 indicates that while the stock has seen a positive return of 24.93% over the past month, it has significantly lagged behind the benchmark, which only gained 0.98% in the same period. Over the past year, MIC Electronics has underperformed the market, with a return of -39.26% compared to the BSE500's decline of -4.69%. The reduction in promoter confidence, evidenced by a 4.42% decrease in their stake, further exacerbates the stock's negative outlook, suggesting a lack of faith in the company's future prospects. Overall, these factors contribute to the stock's current downward trajectory.