Why is Ircon Intl. falling/rising?

As of 05-Aug, Ircon International Ltd's stock price is currently at 175.10, reflecting a decrease of 3.0, or 1.68%. The stock has underperformed its sector today by 0.71%, having touched an intraday low of Rs 174.5, which is a decline of 2.02%. Over the past week, the stock has fallen by 4.05%, and it has experienced a significant drop of 34.64% over the past year. Despite a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.6, the company has reported negative results for the last four consecutive quarters, with a decline in profits by 21.8%. This poor performance, coupled with a low return on capital employed (ROCE) of 10.90%, has contributed to the stock's downward movement.
In the broader market context, while the BSE500 index has generated a return of 0.50% over the last year, Ircon International Ltd has significantly underperformed, with a return of -34.64%. The stock's recent performance is further exacerbated by its trading below all key moving averages, indicating a bearish trend. Additionally, the low participation from domestic mutual funds, holding only 0.58% of the company, suggests a lack of confidence in the stock's valuation or business prospects. Overall, these factors indicate a challenging environment for Ircon International Ltd, leading to its current decline in stock price.