Why is MIRC Electronics falling/rising?

As of 17-Sep, MIRC Electronics Ltd is currently priced at 28.99, reflecting a decrease of 0.24 or 0.82%. The stock has underperformed its sector today by 1.04% and is 4.17% away from its 52-week high of Rs 30.26. Despite a strong long-term performance, with a 20.79% year-to-date return and a 211.05% increase over the past five years, the company is facing significant challenges. The recent financial results have been negative, with a 38.17% drop in net sales and consecutive quarterly losses, which have raised concerns about the company's long-term growth potential and ability to service its debt.
In the broader market context, MIRC Electronics' recent performance contrasts sharply with the Sensex, which has gained 1.56% over the past week. While the stock has shown resilience over longer periods, the current decline in investor participation, evidenced by a 46.95% drop in delivery volume, suggests waning confidence among investors. The company's weak operating fundamentals, highlighted by negative EBITDA and poor growth rates in net sales and operating profit, further contribute to its current stock price decline.