Why is Ircon Intl. falling/rising?

As of 28-Jul, Ircon International Ltd's stock price is currently at 176.10, reflecting a decrease of 5.25, or 2.89%. The stock has been on a downward trend, having underperformed its sector by 1.56% today and experiencing a consecutive fall over the last five days, resulting in a total decline of 7.66% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish momentum. The company's recent performance has been poor, with a significant drop in profits of 21.8% over the past year, contributing to a staggering annual return of -35.89%. Furthermore, the stock's low investor participation, as evidenced by a 13.42% decline in delivery volume, suggests waning interest among investors.
In the broader market context, while the Sensex has shown a modest decline of 1.59% over the past week, Ircon International's performance has been considerably worse, with a 7.66% drop in the same timeframe. This stark contrast highlights the company's struggles relative to the overall market. The negative sentiment surrounding Ircon is compounded by its poor long-term growth prospects, as indicated by a low return on capital employed (ROCE) of 10.90% and negative results for the last four consecutive quarters. The limited stake held by domestic mutual funds, at only 0.58%, further suggests a lack of confidence in the company's valuation and business outlook, reinforcing the downward pressure on the stock price.