Why is Ircon Intl. falling/rising?

As of 30-Jul, Ircon International Ltd's stock price is currently at 179.55, reflecting a decrease of 2.95, or 1.62%. The stock has underperformed its sector by 2.31% today, and its delivery volume has decreased by 1.35% compared to the five-day average, indicating falling investor participation. Over the past week, the stock has declined by 4.34%, and it has experienced a significant drop of 39.16% over the past year, with profits also falling by 21.8%. Despite having a low debt-to-equity ratio and a fair valuation, the stock is trading at a premium compared to its peers, which may contribute to its recent price decline.
In the broader market context, the Sensex has decreased by 1.50% over the past week, suggesting that the overall market sentiment is negative, which could be influencing Ircon International's stock performance. While the stock has shown impressive growth over the longer term, with a 377.53% increase over three years, its recent short-term performance contrasts sharply with the benchmark's modest decline of 2.54% over the past month. This disparity highlights the challenges the company faces in the current market environment, as it struggles to maintain investor confidence amidst declining returns and profitability.