Why is IFGL Refractori. falling/rising?

As of 31-Jul, IFGL Refractories Ltd is experiencing a decline in its stock price, currently at Rs 231.60, reflecting a decrease of Rs 8.4 or 3.5%. The stock has underperformed its sector by 4.01% today and has been on a downward trend, losing 4.83% over the last two days. Over the past week, the stock has fallen by 9.35%, and its performance over the last month shows a decline of 12.17%. Additionally, the stock has generated a significant negative return of 25.45% over the past year, while profits have decreased by 47.4%. The company has also reported negative results for the last five consecutive quarters, contributing to investor concerns about its long-term growth potential.
In the broader market context, the Sensex has only declined by 1.22% over the past week and 3.00% over the last month, indicating that IFGL Refractories Ltd is underperforming relative to the market. The stock's liquidity appears to be decreasing, with a notable drop in delivery volume by 51.05% against the five-day average. Despite having a low debt-to-equity ratio and a fair valuation, the stock is trading at a premium compared to its peers, which may deter investors. Overall, the combination of poor financial performance, declining investor participation, and significant underperformance relative to the market is contributing to the stock's current downward movement.