Why is Indo Count Inds. falling/rising?

As of 03-Jul, Indo Count Industries Ltd's stock price is currently at 288.15, reflecting a decrease of 2.1 points or 0.72%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 2.49% during this period. Today's performance indicates that it has underperformed its sector by 1.02%. Additionally, the stock's year-to-date performance shows a significant decline of 11.64%, and over the past year, it has dropped by 31.92%. Despite a high management efficiency with a return on capital employed (ROCE) of 18.12% and a low debt-to-EBITDA ratio of 1.45, the company has faced negative results for three consecutive quarters, contributing to its poor stock performance.
In the broader market context, the Sensex has shown a slight decline of 0.62% over the past week, while Indo Count Industries Ltd has underperformed with a 2.17% drop in the same timeframe. The stock's performance over the last month is slightly positive at 2.16%, but this is overshadowed by its long-term underperformance, particularly with a staggering 31.92% decline over the past year compared to the market's 4.07% gain. The company's recent negative financial results, including a 6.47% drop in net sales and an 87.8% fall in profit after tax, have likely contributed to the declining investor confidence and participation, further exacerbating the stock's downward movement.