Why is IFGL Refractori. falling/rising?

As of 08-Aug, IFGL Refractories Ltd is experiencing a decline in its stock price, currently at 229.00, which reflects a decrease of 7.7 or 3.25%. The stock has underperformed its sector by 2.51% today and has been on a downward trend, losing 3.4% over the last two days. It opened with a significant loss of 3.8% and reached an intraday low of Rs 227.7. In terms of returns, the stock has shown a negative performance over various periods, including a 1-month decline of 16.12% and a 1-year drop of 25.52%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 57.71% compared to the 5-day average, indicating reduced interest in trading the stock.
In the broader market context, the stock's short-term performance has been worse than the benchmark, with a 1-week return of -3.74% compared to the Sensex's -0.92%. This suggests that the stock is not only struggling in isolation but is also lagging behind the overall market trends. The stock has performed well over the long term, with a 3-year return of 69.54% and a 5-year return of 252.31%, but the recent downturn indicates a shift in sentiment among investors. The lack of positive factors in the available data further emphasizes the challenges the stock is currently facing.