Why is Ircon Intl. falling/rising?

As of 25-Aug, Ircon International Ltd's stock price is currently at 169.30, reflecting a decrease of 1.95, or 1.14%. The stock has underperformed its sector today by 1.46%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 1.23%, but it has significantly underperformed over the longer term, with a decline of 6.64% over the past month and a staggering 36.35% drop over the past year. The company has reported negative results for five consecutive quarters, with a notable fall in operating profit of 12.24%, which has contributed to the stock's poor performance. Additionally, while the company has a low debt-to-equity ratio, its return on equity is relatively low at 11.5%, and profits have decreased by 30.9% over the past year.
In the broader market context, the Sensex has generated a positive return of 0.21% over the past month and 4.48% year-to-date, indicating that the market is performing better than Ircon International Ltd. The stock's significant underperformance compared to the benchmark, particularly its 36.35% decline against the market's negative return of only 2.11% over the last year, suggests a lack of investor confidence. Furthermore, domestic mutual funds hold only a minimal stake of 0.58% in the company, which may reflect their discomfort with the current valuation or business outlook. This combination of negative financial results and weak investor participation has led to the stock's downward trend.