Why is MIRC Electronics falling/rising?

As of 04-Jul, MIRC Electronics Ltd is experiencing a decline in its stock price, currently at 13.89, which reflects a decrease of 0.36 or 2.53%. The stock has underperformed its sector by 3.8% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 17.86%, while its performance over the last month shows a modest increase of 3.66%. However, the year-to-date return is notably negative at -42.12%. Contributing to this downward trend are the company's operating losses, weak long-term growth, and a poor ability to service its debt, as indicated by a negative EBIT to Interest ratio. Additionally, the recent financial results show a substantial decline in net sales and a growing loss in profit after tax, which further pressures the stock price. The high percentage of pledged promoter shares also adds to the negative sentiment, particularly in a falling market.
In the broader market context, MIRC Electronics' recent performance contrasts sharply with the Sensex, which has only declined by 0.74% over the past week. This indicates that the stock's short-term return is significantly worse than the benchmark, highlighting its underperformance relative to the market. The stock has consistently lagged behind the BSE500 over various time frames, including the last three years and one year, which underscores its ongoing challenges. Overall, the combination of poor financial health, declining investor participation, and unfavorable market conditions has led to the stock's continued decline.