Why is ISGEC Heavy falling/rising?

As of 26-Aug, ISGEC Heavy Engineering Ltd is experiencing a decline in its stock price, currently at Rs 995.00, which reflects a decrease of Rs 39.45 or 3.81%. Today's price summary indicates that the stock underperformed its sector by 1.89%, opening with a loss of 2.23% and reaching an intraday low of Rs 982.1, a drop of 5.06%. The stock has shown a negative performance over the past week, down 4.88%, and has significantly underperformed the benchmark Sensex, which is down only 1.05% over the same period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite a low debt-to-equity ratio and attractive valuation metrics, the company reported negative results in its latest quarterly earnings, with net sales and profits falling, contributing to the stock's downward movement.
In the broader market context, ISGEC Heavy's performance has been notably poor compared to the benchmark, with a year-to-date return of -31.05% against the Sensex's positive return of 3.39%. Over the past year, while the stock has declined by 33.38%, the broader market has only seen a slight negative return of 1.12%. This stark contrast highlights the company's struggles relative to market conditions. The engineering sector, particularly industrial equipment, has also faced challenges, as evidenced by a sector decline of 2.16%. The falling investor participation, with a significant drop in delivery volume, further underscores the lack of confidence in the stock, reinforcing the reasons for its current decline.