Why is Ircon Intl. falling/rising?

As of 01-Aug, Ircon International Ltd's stock is currently priced at 174.45, reflecting a decrease of 2.7, or 1.52%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.41% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased by 18.69% compared to the 5-day average, indicating a drop in investor participation. Over the past year, the stock has generated a return of -39.21%, while its profits have decreased by 21.8%. Despite a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.6, the stock is trading at a premium compared to its peers, which may contribute to its recent decline.
In the broader market context, Ircon International Ltd's performance has been notably worse than the benchmark Sensex, which has only declined by 1.06% over the past week, while Ircon's stock has dropped by 3.80%. This underperformance is further highlighted by the stock's year-to-date return of -18.86%, contrasting sharply with the Sensex's gain of 3.15%. The overall market conditions appear to be more favorable for the benchmark, suggesting that investor sentiment may be shifting away from Ircon International Ltd in light of its recent financial performance and declining returns.