Why is Ircon Intl. falling/rising?

As of 26-Jun, Ircon International Ltd's stock price is currently at 203.15, reflecting a decrease of 0.2, or 0.1%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It is currently trading above its 5-day, 50-day, 100-day, and 200-day moving averages but below its 20-day moving average. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 45.44% compared to the 5-day average. Over the past week, the stock has outperformed the benchmark Sensex, gaining 6.33% compared to the Sensex's 2.94%, but it has underperformed over the year with a return of -24.83% against the Sensex's 6.46%. The company's low debt-to-equity ratio and fair valuation are overshadowed by its negative performance in recent quarters, including a 39.48% decline in PAT and a low ROCE of 10.90%.
Broader Market Context: The broader market has shown resilience, with the BSE 500 generating a return of 4.11% over the past year, while Ircon International Ltd has significantly underperformed with a return of -24.83%. This underperformance may indicate a lack of confidence from investors, as evidenced by the small stake held by domestic mutual funds at only 0.71%. The stock's recent price movement reflects a combination of poor long-term growth prospects, as indicated by a low annual operating profit growth rate of 6.88% over the last five years, and negative results for the last four consecutive quarters, contributing to a cautious outlook among investors.