Why is Ircon Intl. falling/rising?

As of 24-Jun, Ircon International Ltd's stock price is currently at Rs 200.70, reflecting an increase of Rs 4.35, or 2.22%. The stock has shown a performance today that outperformed its sector by 1.73%, reaching an intraday high of Rs 205.6. Over the past week, the stock has gained 0.48%, and in the last month, it has risen by 9.11%. However, despite this recent uptick, the stock has underperformed significantly over the past year with a decline of 28.17%, while its profits have fallen by 21.8%. The company maintains a low debt-to-equity ratio, but it has declared negative results for the last four consecutive quarters, contributing to concerns about its long-term growth potential.
In the broader market context, the Sensex has increased by 0.58% over the past week and 0.41% over the past month, indicating that while Ircon International Ltd has shown some short-term gains, it still lags behind the benchmark in the longer term. The stock's year-to-date performance is down 6.65%, contrasting sharply with the Sensex's gain of 5.01%. This disparity highlights the challenges the company faces, particularly with domestic mutual funds holding only a small stake, suggesting a lack of confidence in the stock's valuation or business prospects. Overall, while there are some positive short-term movements, the stock's long-term outlook remains concerning due to its poor performance metrics.