Why is MIRC Electronics falling/rising?

As of 07-Aug, MIRC Electronics Ltd's stock price is currently at 17.11, reflecting a decrease of 0.29, or 1.67%. The stock has recently underperformed its sector by 1.99% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 9.68% and 19.65%, respectively, although it remains down 28.71% year-to-date. The stock's moving averages indicate that it is higher than the 5-day, 20-day, 50-day, and 100-day averages but lower than the 200-day average. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 137.91% against the 5-day average, suggesting heightened interest despite the recent price drop.
In the broader market context, MIRC Electronics has outperformed the Sensex over the past week and month, while the benchmark has seen declines of 0.69% and 3.38%, respectively. However, the stock's year-to-date performance is significantly worse than the Sensex, which has gained 3.18% during the same period. This contrast highlights the stock's volatility and challenges in maintaining upward momentum despite recent gains. Overall, while there are signs of increased trading activity and short-term gains, the recent price decline indicates ongoing struggles for MIRC Electronics in the current market environment.