Why is IFGL Refractori. falling/rising?

As of 08-Jul, IFGL Refractories Ltd is experiencing a decline in its stock price, currently at Rs 546.00, reflecting a decrease of Rs 14.0 or 2.5%. The stock has been underperforming, having fallen for the last three consecutive days, with a total decline of 2.91% during this period. Today's trading saw the stock reach an intraday high of Rs 573.95 but also dip to a low of Rs 539. The stock has shown positive returns over the past week and month, with increases of 3.53% and 4.00%, respectively, but it has significantly underperformed over the past year, with a return of -18.60%. The company's financial health is concerning, as it has reported negative results for the last five consecutive quarters, with a substantial drop in profits, leading to a perception of poor long-term growth.
In the broader market context, while the Sensex has shown minimal movement with a return of 0.02% over the past week, IFGL Refractories' short-term performance has been more favorable, indicating a divergence in trends. However, the stock's long-term performance is troubling, as it has underperformed the market significantly over the past year, generating negative returns while the broader market has seen a modest gain. This underperformance, coupled with a high Price to Book Value ratio and declining investor participation, suggests that market sentiment is leaning towards selling, contributing to the stock's recent price decline.