Why is Ircon Intl. falling/rising?

As of 20-Aug, Ircon International Ltd's stock price is currently at 171.70, reflecting a decrease of 0.5, or 0.29%. The stock has underperformed its sector by 0.41% today and has experienced a trend reversal, falling after two consecutive days of gains. In terms of returns, the stock has seen a 1-week increase of 2.48%, but it has significantly underperformed over the longer term, with a 1-month decline of 8.16% and a year-to-date drop of 20.14%. The company has a low debt-to-equity ratio and a fair valuation, but it is trading at a premium compared to its peers. Additionally, the stock has generated a negative return of 35.54% over the past year, coinciding with a 30.9% decline in profits, which has contributed to its recent price movement.
Broader market context indicates that while the Sensex has gained 1.64% over the past week, Ircon International Ltd's performance has been less favorable, particularly over the past year, where it has underperformed the broader market, which saw a decline of only 1.20%. The stock's liquidity appears adequate for trading, but the low stake held by domestic mutual funds suggests a lack of confidence in the company's prospects. The recent negative operating profit results and the company's history of consecutive negative quarters further exacerbate the downward pressure on the stock price, indicating that investor sentiment remains cautious.