Why is MIRC Electronics falling/rising?

As of 22-Jul, MIRC Electronics Ltd is experiencing a decline in its stock price, currently at 18.04, which reflects a decrease of 0.53 or 2.85%. The stock has recently underperformed its sector by 2.14% and has shown a trend reversal after six consecutive days of gains. Additionally, the stock's delivery volume has fallen by 26.29% against the five-day average, indicating a decrease in investor participation. Over the past week, the stock has gained 12.75%, while in the last month, it has risen by 16.39%. However, year-to-date, the stock is down 24.83%, and it has underperformed significantly over the past year with a return of -14.79%. The company's financial health is concerning, with operating losses and a weak ability to service its debt, which contributes to its negative performance.
In the broader market context, while the BSE500 has generated a return of 0.99% over the past year, MIRC Electronics has lagged behind, highlighting its underperformance. The stock's valuation appears expensive compared to its peers, and the high percentage of pledged promoter shares adds downward pressure in a falling market. The company's weak long-term growth, as evidenced by a net sales decline of 33.86% and a negative return on capital employed, further exacerbates investor concerns. Overall, these factors contribute to the stock's current downward movement amidst a backdrop of broader market stability.