Why is MIRC Electronics falling/rising?

As of 08-Jul, MIRC Electronics Ltd is experiencing a decline in its stock price, currently at 14.07, reflecting a decrease of 0.23 or 1.61%. The stock has underperformed its sector by 1.4% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 25.57% compared to the 5-day average. Over the past week, the stock has decreased by 3.83%, and it has shown a substantial year-to-date decline of 41.38%. The company's financial health is concerning, with operating losses and a weak ability to service its debt, as indicated by a negative EBIT to Interest ratio. Furthermore, the stock has generated a negative return of 33.66% over the past year, despite a significant increase in profits.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with MIRC Electronics' negative performance. This underperformance is compounded by the company's poor long-term growth prospects, with net sales declining by 37.85% in the latest six months. The high percentage of pledged promoter shares, at 34.51%, adds further downward pressure on the stock in a falling market. Overall, MIRC Electronics has not only lagged behind the benchmark in the short term but has also shown a lack of resilience in both the near-term and long-term performance metrics.