Why is Incon Engineers falling/rising?

As of 30-Jul, Incon Engineers Ltd is experiencing a decline in its stock price, currently at Rs. 9.80, reflecting a decrease of Rs. 0.46 or 4.48%. The stock has hit a new 52-week low of Rs. 9.75 today and has underperformed its sector by 5.19%. Over the past three days, the stock has consistently fallen, resulting in a total decline of 12.89%. Additionally, the stock has shown poor performance over various time frames, with a year-to-date drop of 25.08% and a one-year decline of 33.47%. The company's negative book value and weak long-term fundamentals, characterized by stagnant net sales and high debt levels, contribute to its recent price movement, indicating a lack of investor confidence.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-week return of -8.92% compared to the Sensex's -1.50%. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles in attracting investor interest. Furthermore, the declining delivery volume and the stock trading below all key moving averages suggest a lack of liquidity and investor participation, further exacerbating the downward trend. Overall, the combination of weak fundamentals, poor recent performance, and negative market sentiment has led to the stock's current decline.