Why is MIC Electronics falling/rising?

As of 10-Nov, MIC Electronics Ltd is experiencing a decline in its stock price, currently at Rs 49.83, which reflects a decrease of Rs 1.54 or 3.0%. The stock has underperformed its sector today, with a performance drop of 0.29%. It touched an intraday low of Rs 49.55, indicating a significant decline of 3.54%. Over the past week, the stock has decreased by 7.57%, and its year-to-date performance shows a substantial drop of 41.18%. The company has also reported weak financial fundamentals, with a low Return on Capital Employed (ROCE) of 3.50% and a high Debt to EBITDA ratio of 9.06 times. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 4.05% in the last quarter.
In the broader market context, while the Sensex has shown a slight decline of 0.53% over the past week, MIC Electronics has significantly underperformed, indicating a lack of investor confidence in the stock. The company's negative returns of 45.12% over the past year starkly contrast with the market's positive performance of 3.81% during the same period. This underperformance, coupled with declining investor participation and liquidity issues, suggests that the stock is facing considerable challenges, leading to its current downward trajectory.