Why is IL&FS Engg. falling/rising?

As of 01-October, IL&FS Engineering & Construction Co Ltd is experiencing a decline in its stock price, currently at Rs 28.65, which represents a decrease of 1.5 or 4.98%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.4% during this period. Additionally, it is trading close to its 52-week low, just 0.14% away from Rs 28.61. The stock is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In terms of performance, the stock has underperformed its sector by 5.73% today and has shown significant declines over various periods, including a 33.53% drop year-to-date and a 37.06% drop over the past year.
In the broader market context, the Sensex has shown a slight increase of 0.77% over the past month, contrasting sharply with IL&FS Engineering's 14.25% decline during the same period. This indicates that while the overall market has been stable, IL&FS Engineering has struggled significantly. The stock's performance is further highlighted by its year-to-date return of -33.53%, compared to the Sensex's positive return of 3.64%. Despite a rise in investor participation, with delivery volume increasing by 154.8% against the 5-day average, the overall sentiment around the stock remains negative, contributing to its ongoing price decline.