Why is MIRC Electronics falling/rising?

As of 07-Nov, MIRC Electronics Ltd is experiencing a decline in its stock price, currently at 25.67, which reflects a decrease of 0.52 or 1.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.66% during this period. Additionally, the stock's performance today has underperformed its sector by 1.16%. While the stock has shown positive returns over longer periods, such as a 6.96% increase year-to-date and a substantial 220.88% rise over the past five years, the recent trend indicates a struggle, particularly with a delivery volume that has decreased by 28.64% against the five-day average, suggesting falling investor participation.
In the broader market context, MIRC Electronics' short-term performance has been notably weaker than the benchmark, with a 5.42% decline over the past week compared to a 0.86% drop in the Sensex. This indicates that while the overall market is also facing challenges, MIRC Electronics is lagging behind. The stock's moving averages show it is currently lower than the 5-day, 20-day, and 50-day averages, which may further contribute to negative sentiment among investors. Overall, the combination of declining short-term performance, reduced trading volume, and underperformance relative to the sector and benchmark are key factors contributing to the stock's current downward trajectory.