Why is Incon Engineers falling/rising?

As of 04-Jul, Incon Engineers Ltd is experiencing a decline in its stock price, currently at Rs. 10.14, which represents a decrease of 0.53 or 4.97%. The stock has hit a new 52-week low today and has been underperforming its sector by 5.19%. Over the last three days, the stock has seen a consecutive fall, resulting in a total decline of 9.38%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The company has a negative book value and has shown weak long-term fundamental strength, with net sales and operating profit declining over the past five years. Furthermore, the stock has consistently underperformed against the benchmark, generating a return of -37.94% over the last year.
In the broader market context, the Sensex has shown a slight decline of 0.74% over the past week, contrasting sharply with Incon Engineers' significant drop of 13.85% during the same period. While the benchmark has gained 3.01% over the last month, Incon Engineers has faced a substantial decline of 25.39%. This consistent underperformance against the benchmark, coupled with high debt levels and negative EBITDA, contributes to the stock's current downward trajectory. Despite a rise in investor participation, the overall sentiment remains negative due to the company's poor financial health and lack of growth prospects.