Why is Ircon Intl. falling/rising?

As of 08-Aug, Ircon International Ltd's stock price is currently at Rs 164.85, reflecting a decline of Rs 2.85 or 1.7%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 7.44% during this period. Additionally, the stock has shown significant underperformance over the past week and month, with returns of -5.50% and -15.31%, respectively. The company has been facing challenges, as indicated by its negative operating profit and a decline in profits over the past year. Despite having a low debt-to-equity ratio and an attractive valuation based on return on equity, the stock is trading at a premium compared to its peers, which may deter investors.
In the broader market context, Ircon International Ltd has significantly underperformed the benchmark Sensex, which has only declined by 0.92% over the past week and 4.60% over the past month. The stock's year-to-date performance shows a decline of 23.33%, contrasting sharply with the Sensex's gain of 2.20%. This stark difference highlights investor sentiment towards Ircon, particularly given its negative results over the last five quarters and the low stake held by domestic mutual funds, suggesting a lack of confidence in the company's prospects. Overall, the combination of poor financial results and a lack of investor support has contributed to the stock's downward trajectory.