Why is Ircon Intl. falling/rising?

As of 01-Sep, Ircon International Ltd's stock price is currently at Rs 166.50, reflecting an increase of Rs 6.15 or 3.84%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It outperformed its sector by 3.11% and reached an intraday high of Rs 167.2. However, despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 22.56% and a one-year drop of 36.21%. The company has faced significant challenges, including a 30.9% fall in profits over the past year and negative results for five consecutive quarters, which have contributed to its poor performance relative to the market.
Broader Market Context: In the last week, Ircon International Ltd's stock fell by 1.65%, slightly underperforming the Sensex, which declined by 1.56%. The broader market has shown a negative return of 4.75% over the past year, while Ircon's stock has significantly lagged with a return of -36.21%. This stark contrast suggests that while the overall market is experiencing downturns, Ircon's challenges are more pronounced, leading to a lack of confidence among investors, as evidenced by the low domestic mutual fund holdings of only 0.58%.