Why is Ircon Intl. falling/rising?

As of 06-Nov, Ircon International Ltd's stock price is currently at 163.55, reflecting a decline of 4.55, or 2.71%. The stock has been on a downward trend, having fallen for the last five consecutive days, resulting in a total decrease of 5% during this period. Today's performance indicates that it has underperformed its sector by 1.63%, with an intraday low of Rs 162.35. Over the past year, the stock has generated a return of -25.29%, significantly underperforming the benchmark Sensex, which has seen a return of +3.65%. The company's financial health is concerning, as it has reported negative results for the last five consecutive quarters, with a notable decline in operating profit and a high debt-to-equity ratio of 0.68 times, which may deter investor confidence.
In the broader market context, the stock's short-term performance has been notably poor compared to the Sensex, which has only declined by 1.30% over the past week. This stark contrast highlights the stock's struggles, as it has underperformed the market significantly over the last year, while the benchmark has generated positive returns. The low participation from domestic mutual funds, holding only 0.63% of the company, suggests a lack of confidence in the stock's current valuation and future prospects. Overall, the combination of negative financial results, declining investor interest, and poor relative performance against the benchmark contributes to the stock's downward trajectory.