Why is Ircon Intl. falling/rising?

As of 30-Jun, Ircon International Ltd's stock price is currently at 202.90, reflecting a decrease of 1.4, or 0.69%. The stock has underperformed its sector today by 1.24%, and while it is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, it is below its 20-day moving average. The stock has shown a return of +3.34% over the past week and +6.34% over the past month, but it has significantly underperformed over the year with a return of -24.81%. Additionally, the company has reported a decline in investor participation, with delivery volume falling by 23.56% against the 5-day average. Despite a low debt-to-equity ratio and a fair valuation, the stock's negative performance is attributed to a consistent decline in profits and negative results over the last four quarters.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has returned +2.09% over the past week and +2.65% over the past month. Over the past year, while the market has generated returns of +5.79%, Ircon International Ltd has seen a substantial decline of -24.81%. This underperformance may indicate a lack of confidence from domestic mutual funds, which hold only a small stake in the company, suggesting concerns about its long-term growth potential. Overall, the combination of poor financial results, declining investor interest, and a significant lag behind market performance contributes to the stock's downward movement.