Why is MIRC Electronics falling/rising?

As of 02-Jul, MIRC Electronics Ltd is experiencing a decline in its stock price, currently at 14.23, reflecting a decrease of 0.4 or 2.73%. The stock has underperformed its sector by 2.26% today and has been on a consecutive downward trend for the last four days, resulting in a total drop of 17.17% during this period. Over the past week, the stock has fallen by 13.86%, and its year-to-date performance shows a significant decline of 40.71%. The company is trading below all its moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased by 32.37% compared to the five-day average, suggesting a lack of investor interest. The company's financial health is concerning, with operating losses and weak long-term growth, as evidenced by a net sales decline of 32.38% and a negative profit after tax growth of 37.85%. Furthermore, a high percentage of pledged promoter shares adds downward pressure on the stock.
In the broader market context, while the Sensex has gained 0.79% over the past week and 6.75% year-to-date, MIRC Electronics has significantly lagged behind, with its one-year return at -29.38% compared to the market's positive performance. This stark contrast highlights the stock's underperformance relative to the benchmark, indicating that investor sentiment is likely influenced by the company's ongoing financial struggles and negative market perception. The overall market conditions appear to favor growth, yet MIRC Electronics continues to face challenges that have led to its declining stock price.