Why is MIRC Electronics falling/rising?

As of 27-Jun, MIRC Electronics Ltd is experiencing a decline in its stock price, currently at 16.91, which reflects a decrease of 0.27 or 1.57%. The stock has underperformed its sector by 1.76% today and has seen a trend reversal after three consecutive days of gains. Despite a notable increase in delivery volume, which rose by 588.18% against the five-day average, the stock's performance over the past year remains concerning, with a return of -18.23%. The company is facing significant challenges, including operating losses and weak long-term growth, as evidenced by a net sales decline of 32.38% in the latest quarter and a negative return on capital employed of -15.5. Additionally, 34.51% of promoter shares are pledged, which can exert further downward pressure on the stock price in a declining market.
In the broader market context, MIRC Electronics has shown a short-term return of +9.10% over the past week, which is significantly higher than the Sensex's +2.00% return in the same period. However, this positive short-term performance contrasts sharply with its long-term trajectory, where it has underperformed the benchmark consistently over the last three years. The stock's year-to-date performance is particularly troubling, with a decline of 29.54% compared to the Sensex's gain of 7.58%. This consistent underperformance, coupled with the company's financial struggles, contributes to a negative outlook for the stock, reinforcing its status as a strong sell.