Why is Incon Engineers falling/rising?

As of 24-Sep, Incon Engineers Ltd is experiencing a decline in its stock price, currently at 13.01, reflecting a decrease of 0.64 or 4.69%. The stock has underperformed its sector by 3.4% today and is on a downward trend after eight consecutive days of gains. Despite a strong performance over the past week with a return of 13.92%, the stock has shown a negative year-to-date return of -0.54% and a significant decline of 16.33% over the past year. The company is facing challenges, including a negative book value and weak long-term fundamental strength, as evidenced by stagnant net sales growth and a high debt-to-equity ratio. Additionally, the stock's liquidity appears sufficient for trading, but its negative EBITDA and consistent underperformance against benchmarks raise concerns for investors.
In the broader market context, while Incon Engineers has shown a positive return over the past week, the Sensex has declined by 1.18% during the same period, indicating that the stock's short-term performance is relatively strong compared to the market. However, the company's long-term performance remains troubling, as it has consistently underperformed against the BSE500 over the last three years. This underperformance, coupled with the company's financial weaknesses, contributes to a cautious outlook among investors, leading to the current decline in stock price.