Why is MIC Electronics falling/rising?

As of 26-Sep, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 56.90, reflecting a decrease of 3.16 points or 5.26%. The stock has been underperforming, having lost 16.1% over the past six days, and it touched an intraday low of Rs 56.57. The stock's performance over the last week shows a significant drop of 14.00%, while it has also underperformed the sector by 3.71% today. The company has weak long-term fundamentals, indicated by a low Return on Capital Employed (ROCE) of 5.02% and a high Debt to EBITDA ratio of 3.45 times. Additionally, the promoters have reduced their stake by 4.42%, signaling a lack of confidence in the company's future, which has contributed to the stock's negative sentiment.
Broader market context reveals that while the Sensex has declined by only 2.66% over the past week, MIC Electronics has significantly underperformed with a 14.00% drop. Over the past year, the stock has generated a return of -43.17%, starkly contrasting with the broader market's decline of just -6.30%. This disparity highlights the stock's ongoing struggles in a challenging market environment, compounded by negative financial results and decreasing investor participation, as evidenced by a 52.79% drop in delivery volume compared to the five-day average.