Why is Indo Count Inds. falling/rising?

As of 06-Nov, Indo Count Industries Ltd is experiencing a decline in its stock price, currently at Rs 273.80, down by Rs 7.65 or 2.72%. The stock has underperformed its sector today by 1.47% and has seen a consecutive fall over the last two days, resulting in a total drop of 5.05% during this period. The stock touched an intraday low of Rs 271.25 and has shown lower delivery volumes, indicating a decrease in investor participation. Over the past year, the stock has significantly underperformed, with a return of -30.54%, while profits have fallen by 39.8%. Despite having a high return on capital employed (ROCE) and a low debt to EBITDA ratio, the company has declared negative results for the last four consecutive quarters, contributing to the stock's downward trend.
In the broader market context, the stock's short-term performance has been worse than the benchmark, with a 1-week return of -3.63% compared to the Sensex's -1.30%. While the stock has shown some positive movement over the past month with a return of 3.11%, it remains significantly behind the market's year-to-date performance of +6.62%. The overall market has generated positive returns, contrasting sharply with Indo Count's long-term struggles, which include poor growth rates and declining profits. This combination of factors has led to a lack of investor confidence, further driving the stock's decline.