Why is MIRC Electronics falling/rising?

As of 07-Jul, MIRC Electronics Ltd is currently priced at 14.30, reflecting an increase of 0.41 or 2.95%. Despite this positive movement today, the stock has shown a negative performance over the past week, declining by 3.25%, and has underperformed the benchmark Sensex, which fell only 0.20%. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 10.02% compared to the 5-day average. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, evidenced by a negative EBIT to Interest ratio of -0.59. Furthermore, 34.51% of promoter shares are pledged, which can exert downward pressure on the stock price in a declining market.
In the broader market context, MIRC Electronics has significantly lagged behind the Sensex over various time frames, with a year-to-date return of -40.42% compared to the Sensex's gain of 6.79%. This stark contrast highlights the company's struggles relative to the overall market. Although the stock has outperformed its sector today, the long-term outlook remains bleak due to poor sales growth and a high enterprise value to capital employed ratio. The combination of these factors suggests that while there may be short-term fluctuations in price, the underlying fundamentals and market conditions are likely to continue exerting pressure on MIRC Electronics' stock performance.