Why is ISGEC Heavy falling/rising?

As of 13-Aug, ISGEC Heavy Engineering Ltd is experiencing a decline in its stock price, currently at 1,047.00, reflecting a decrease of 2.85 (-0.27%). The stock has underperformed its sector by 0.91% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 0.93% during this period. Additionally, the stock has shown significant underperformance over the past month and year, with returns of -11.86% and -24.18%, respectively. The stock is currently trading below all key moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 33.66% compared to the 5-day average. Despite a low debt-to-equity ratio and a reasonable return on capital employed, the stock's performance has been hindered by flat results in recent quarters and a significant underperformance relative to the market.
In the broader market context, ISGEC Heavy's short-term performance has been notably worse than the benchmark, with a 1-month return of -11.86% compared to the Sensex's -2.38%. Over the past year, while the BSE500 index has experienced a slight decline of -0.64%, ISGEC Heavy's stock has fallen much more sharply, indicating a lack of investor confidence. The company's recent financial results, including a decline in net sales, further contribute to the negative sentiment surrounding the stock. Despite its attractive valuation metrics, the persistent underperformance relative to both the market and its peers suggests that investors are cautious, leading to the current downward pressure on the stock price.