Why is Incon Engineers falling/rising?

As of 03-Jul, Incon Engineers Ltd is experiencing a decline in its stock price, currently at Rs. 10.67, which reflects a decrease of Rs. 0.47 or 4.22%. The stock has hit a new 52-week low today and has underperformed its sector by 4.87%. It has been on a consecutive downward trend for the last two days, with a total decline of 4.65% during this period. Over the past week, the stock has fallen by 9.35%, while its performance over the last month shows a significant drop of 17.61%. The company's financial health is concerning, with a negative book value and a weak long-term fundamental strength indicated by poor growth in net sales and operating profit over the last five years. Additionally, the stock is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume dropping by 21.23% against the five-day average.
In the broader market context, the stock's performance has been significantly worse than the benchmark, with a year-to-date decline of 18.43% compared to the Sensex's gain of 6.53%. This consistent underperformance against the benchmark over the last three years, along with a high debt-to-equity ratio and negative EBITDA, further exacerbates the stock's risk profile. The overall market sentiment appears to be unfavorable for Incon Engineers, as it has not only failed to keep pace with the market but has also shown a troubling trend of declining returns, leading to a perception of it being a strong sell.