Why is Incon Engineers falling/rising?

As of 10-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, indicating a downward trend. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests persistent weakness in its price performance. Over the past week, the stock has declined by 8.15%, and it has underperformed significantly over the past month and year, with returns of -20.58% and -41.53%, respectively. The company is facing challenges, including a negative book value, high debt levels, and poor long-term growth metrics, with net sales and operating profit declining over the last five years. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 82.48% against the 5-day average.
In the broader market context, the Sensex has remained relatively stable, with a slight increase of 0.97% over the past month, contrasting sharply with Incon Engineers' significant decline. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles in attracting investor confidence. The company's negative EBITDA and weak long-term fundamentals further contribute to its risk profile, making it a less attractive investment compared to the overall market.