Why is MIRC Electronics falling/rising?

As of 18-Sep, MIRC Electronics Ltd's stock price is currently at 28.69, reflecting a decrease of 0.3, or 1.03%. The stock has been experiencing a decline, having fallen for the last two consecutive days, resulting in a total drop of 1.85% during this period. Despite a strong long-term performance, with a 19.54% increase year-to-date and a remarkable 211.85% rise over the past five years, the company is facing significant challenges. The recent negative results, including a 38.17% drop in net sales and consecutive quarterly losses, indicate weak long-term fundamental strength. Additionally, the company's poor EBIT to Interest ratio and negative EBITDA further contribute to the stock's downward pressure.
In the broader market context, MIRC Electronics' short-term performance has lagged behind the benchmark, with a 1-week return of -0.42% compared to the Sensex's gain of 1.80%. This underperformance, coupled with a significant decline in investor participation—evidenced by an 82.91% drop in delivery volume—suggests a lack of confidence among investors. While the stock has outperformed the BSE500 in the long term, the immediate outlook appears grim due to the company's operational losses and declining sales, which have overshadowed its historical gains.