Why is Ircon Intl. falling/rising?

As of 07-Aug, Ircon International Ltd's stock price is currently at 167.70, reflecting a decrease of 4.1, or 2.39%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.84% during this period. It opened with a loss of 4.51% today and reached an intraday low of Rs 164. Over the past week, the stock has decreased by 5.33%, and its performance over the last month shows a significant decline of 14.42%. Additionally, the company has reported negative results for five consecutive quarters, with a notable drop in operating profit of 12.24%, which has contributed to the stock's poor performance. Despite a low debt-to-equity ratio and an attractive valuation, the stock is trading at a premium compared to its peers, and its profits have decreased by 30.9% over the past year.
In the broader market context, the stock has underperformed significantly compared to the benchmark Sensex, which has only declined by 0.69% over the past week. Year-to-date, Ircon International Ltd has experienced a 22% drop, while the Sensex has gained 3.18%. This stark contrast highlights the challenges faced by the company, as domestic mutual funds hold only a minimal stake of 0.58%, indicating a lack of confidence in the stock's current valuation. The overall market sentiment appears to be negative, particularly for Ircon International Ltd, as evidenced by its substantial underperformance relative to the broader market trends.