Why is Ircon Intl. falling/rising?

As of 27-Jun, Ircon International Ltd's stock price is currently at Rs 204.30, reflecting an increase of Rs 1.15 or 0.57%. The stock has shown a positive trend in the short term, with a 3.47% increase over the past week and an 8.01% rise over the past month. However, it has underperformed its sector by 0.31% today, despite reaching an intraday high of Rs 207.6. The stock is trading above its moving averages across various time frames, indicating some bullish sentiment. Nonetheless, there has been a significant drop in investor participation, with delivery volume falling by 52.32% compared to the 5-day average. The company has a low debt-to-equity ratio and a fair valuation, but it has also reported a substantial decline in profits over the past year, which may be contributing to cautious investor sentiment.
In the broader market context, the stock's performance has lagged behind the benchmark Sensex, which has returned 2.00% over the past week and 3.07% over the past month. While Ircon International has seen some short-term gains, its year-to-date performance remains negative at -4.98%, contrasting sharply with the Sensex's positive return of 7.58%. The stock's long-term outlook appears concerning, as it has underperformed the market significantly over the past year, with a decline of 24.19% compared to the broader market's 4.10% gain. This underperformance, coupled with the company's negative results over the last four quarters, suggests that investor confidence may be wavering, impacting the stock's price movement.