Why is MIRC Electronics falling/rising?

As of 16-Sep, MIRC Electronics Ltd is experiencing a price increase, with the current price at Rs 29.23, reflecting a rise of 0.53 or 1.85%. The stock is currently trading close to its 52-week high, just 3.52% away from Rs 30.26, and has outperformed its sector by 1.62% today. Over the past month, the stock has shown a strong performance with an increase of 11.31%, and it has generated a notable return of 21.79% year-to-date. However, despite these positive indicators, the company has reported operating losses and negative results for the last three consecutive quarters, with a significant decline in net sales of 38.17%. This weak long-term fundamental strength may be contributing to the stock's volatility.
In the broader market context, while MIRC Electronics has outperformed the BSE500 in the last three years, one year, and three months, it has underperformed the benchmark in the past week, with a decline of 1.78% compared to the Sensex's increase of 1.58%. The stock's liquidity remains adequate, but there has been a notable drop in investor participation, with delivery volume falling by 30.56% against the five-day average. This combination of strong historical performance and current operational challenges may create a mixed sentiment among investors, influencing the stock's recent upward movement despite underlying risks.