Why is MIRC Electronics falling/rising?

As of 28-Aug, MIRC Electronics Ltd is currently priced at 26.35, reflecting an increase of 0.57 or 2.21%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -5.52%. However, over the past month, it has surged by 61.66%, significantly outperforming the Sensex, which saw a decline of 1.00%. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below its 5-day moving average. Notably, investor participation has decreased, with delivery volume falling by 79.52% compared to the 5-day average, indicating a potential lack of confidence among investors. The company has faced significant challenges, including a 38.17% drop in net sales and negative results for the last three quarters, leading to a weak long-term fundamental strength.
In the broader market context, MIRC Electronics has outperformed the sector by 2.58% today, despite the overall market sentiment reflected by the Sensex's decline. The stock's year-to-date return of 9.79% is also favorable compared to the Sensex's 2.48%. However, the company's financial health raises concerns, as it has reported operating losses and a poor EBIT to interest ratio, indicating difficulties in servicing its debt. The stock's performance over the past year has been negative, with an 8.19% decline, despite a significant rise in profits. This juxtaposition of short-term gains against a backdrop of long-term financial instability suggests that while the stock may be experiencing a temporary rise, underlying issues could lead to further volatility.