Why is Ircon Intl. falling/rising?

As of 06-Aug, Ircon International Ltd's stock price is currently at Rs 171.80, reflecting a decrease of Rs 3.3 or 1.88%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.54%. In the past week, the stock has decreased by 4.32%, and over the last month, it has dropped by 13.86%. The company has reported negative results for the last five consecutive quarters, with a significant decline in operating profit of 12.24% and a year-over-year return of -34.68%. Despite having a low debt-to-equity ratio and an attractive valuation, the stock is trading at a premium compared to its peers, which may deter investors.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a decline of only 1.15% over the past week, Ircon International's performance has been notably worse. The stock's year-to-date performance is down 20.09%, contrasting sharply with the Sensex's gain of 3.08%. This underperformance in the market suggests a lack of investor confidence, as indicated by the low stake held by domestic mutual funds at just 0.58%. The broader market context highlights that while the overall market has been relatively stable, Ircon International has struggled significantly, leading to its current downward price movement.