Why is Incon Engineers falling/rising?

As of 09-Jul, Incon Engineers Ltd is currently priced at Rs. 9.80, showing no change (0.00%). The stock has recently hit a new 52-week low and has underperformed its sector by 0.8%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Over the past week, the stock has declined by 12.03%, and it has experienced a significant drop of 25.08% year-to-date. The company has a negative book value and has shown weak long-term fundamental strength, with net sales and operating profit declining over the last five years. Additionally, the stock is considered risky due to a negative EBITDA and high debt levels, which further contribute to its poor performance.
In the broader market context, the Sensex has increased by 0.15% over the past week, contrasting sharply with Incon Engineers' decline. The stock has consistently underperformed against the benchmark, with a staggering 42.69% drop in the last year compared to the Sensex's 3.96% gain. This consistent underperformance highlights the challenges faced by Incon Engineers in attracting investor confidence, despite a rise in delivery volume, which suggests some interest in trading the stock. Overall, the combination of negative financial indicators and poor relative performance against the market has led to the stock's current downward trajectory.