Why is Ircon Intl. falling/rising?

As of 31-Jul, Ircon International Ltd's stock is currently priced at 177.15, reflecting a decrease of 2.4, or 1.34%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.93% during this period. It opened lower today, down 2.2%, and reached an intraday low of Rs 175.05. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased significantly, falling by 35.94% compared to the 5-day average, indicating a decline in investor participation. Over the past year, the stock has generated a return of -38.60%, with profits declining by 21.8%, which may contribute to the negative sentiment surrounding the stock.
In the broader market context, Ircon International Ltd's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.22% over the past week, while Ircon's stock has dropped by 5.06%. This stark contrast highlights the stock's struggles relative to the market. Despite having a low debt-to-equity ratio and an attractive valuation with a return on equity of 11.5, the stock's current trading price is at a premium compared to its peers' average historical valuations. These factors combined suggest that while the company has some positive attributes, the recent performance and declining investor interest have led to its falling stock price.