Why is MIRC Electronics falling/rising?

As of 03-Jul, MIRC Electronics Ltd is currently priced at 14.25, reflecting a slight increase of 0.02 or 0.14%. Despite this minor uptick, the stock has underperformed its sector by 0.54% today and has experienced a trend reversal after four consecutive days of decline. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, MIRC Electronics has seen a significant decline of 17.05%, while its one-month performance shows a modest gain of 2.22%. However, the stock's year-to-date performance is concerning, with a drop of 40.62%. The company is facing operational challenges, including operating losses and weak long-term growth, which are reflected in its negative net sales and profit after tax figures. Additionally, a high percentage of pledged promoter shares adds to the downward pressure on the stock.
In the broader market context, MIRC Electronics has significantly underperformed compared to the benchmark, with a one-year return of -29.10% against the BSE500's positive return of 2.20%. This stark contrast highlights the stock's struggles in a generally recovering market. The recent decline in investor participation, evidenced by a 44.37% drop in delivery volume, further underscores the lack of confidence among investors. While the stock's current price movement shows a slight increase, the underlying fundamentals and market conditions suggest that the stock remains under pressure, making it a challenging investment in the current environment.