Why is Ircon Intl. falling/rising?

As of 14-Aug, Ircon International Ltd's stock price is currently at 165.40, reflecting a decrease of 2.15, or 1.28%. The stock has underperformed its sector by 0.7% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.37%, and its performance over the last month shows a significant drop of 13.45%. Additionally, the stock has experienced a substantial decline of 36.89% over the past year, while profits have fallen by 30.9%. The company's low Debt to Equity ratio and attractive valuation are overshadowed by its consistent negative results over the last five quarters, including a 12.24% fall in operating profit.
In the broader market context, the Sensex has shown a minimal decline of only 0.03% over the past week, indicating that Ircon International's performance is significantly worse than the overall market. The stock's year-to-date return is down 23.07%, contrasting sharply with the Sensex's positive return of 3.15%. This underperformance suggests a lack of investor confidence, as evidenced by the low participation from domestic mutual funds, which hold only 0.58% of the company. The combination of declining profits, negative quarterly results, and a premium valuation compared to peers has contributed to the stock's downward trend, making it a strong sell in the current market environment.