Why is Incon Engineers falling/rising?

As of 08-Jul, Incon Engineers Ltd is experiencing a decline in its stock price, currently at Rs. 9.80, which reflects a decrease of Rs. 0.35 or 3.45%. The stock has hit a new 52-week low today and has underperformed its sector by 3.22%. Over the past week, the stock has seen a significant drop of 12.42%, and its year-to-date performance shows a decline of 25.08%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The company is facing challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its poor performance. The delivery volume has also decreased dramatically, suggesting a lack of investor interest.
In the broader market context, the Sensex has remained relatively stable with a slight increase of 0.02% over the past week, contrasting sharply with Incon Engineers' significant decline. This consistent underperformance against the benchmark over the last three years, coupled with a return of -45.56% in the past year, highlights the stock's struggles in attracting investor confidence. The company’s financial health is further compromised by negative EBITDA and flat results, which have led to a perception of risk among investors, reinforcing the stock's downward trajectory.