Why is Indo Count Inds. falling/rising?

As of 18-Jul, Indo Count Industries Ltd's stock is currently priced at 298.25, reflecting a decline of 9.45 points or 3.07%. The stock has been underperforming, having fallen for the last two consecutive days, resulting in a total drop of 4.18% during this period. Additionally, the stock has underperformed its sector by 2.23% today. Over the past week, it has shown a positive return of 3.97%, but its year-to-date performance remains negative at -8.54%. The company has reported a significant drop in net sales and profits over the last year, with a return of -23.96%, indicating poor long-term growth prospects. Despite having a high management efficiency and a strong ability to service debt, the stock's recent negative results and declining investor participation, evidenced by a 37.29% drop in delivery volume, contribute to its current downward trend.
In the broader market context, Indo Count Industries Ltd has underperformed compared to the benchmark Sensex, which has shown a slight positive return of 0.38% over the past month. While the stock has gained 11.06% over the last month, its long-term performance is concerning, especially given that it has significantly lagged behind the market over the past year. The stock's decline is exacerbated by the overall market sentiment, as it has not only fallen more sharply than the broader market but also reported negative results for three consecutive quarters, further diminishing investor confidence.