Why is Ircon Intl. falling/rising?

As of 12-Jun, Ircon International Ltd's stock price is currently at Rs 206.35, reflecting a decline of Rs 9.35 or 4.33%. The stock has underperformed its sector today by 2.67%, reaching an intraday low of Rs 204.35, which is a decrease of 5.26%. Over the past week, the stock has seen a decline of 5.39%, while its performance over the last month shows a significant increase of 28.29%. However, the stock has generated a negative return of 24.21% over the past year, indicating a troubling trend. The company has reported a low debt-to-equity ratio, but its profitability has been declining, with a 39.48% drop in profit after tax over the latest six months. The stock is trading at a premium compared to its peers, which may deter investors given its recent negative performance and the fact that domestic mutual funds hold only a minimal stake in the company.
Broader market context indicates that while the Sensex has gained 0.31% over the past week, Ircon International Ltd has significantly lagged behind, reflecting broader market trends. The stock's year-to-date performance shows a decline of 4.02%, contrasting with the Sensex's gain of 4.55%. This underperformance is compounded by the company's negative results over the last four quarters and a low return on capital employed, which has contributed to a lack of investor confidence. The overall market sentiment appears to favor stocks with more stable growth prospects, further exacerbating the challenges faced by Ircon International Ltd in attracting investment.