Why is ISGEC Heavy falling/rising?

As of 28-Aug, ISGEC Heavy Engineering Ltd is experiencing a decline in its stock price, currently at 989.85, which reflects a decrease of 5.15 points or 0.52%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total drop of 4.31%. It opened the day with a loss of 2.01%, reaching an intraday low of Rs 975.05. Over the past week, the stock has decreased by 3.57%, and it has significantly underperformed the market with a year-to-date decline of 31.41%, while the Sensex has gained 2.48%. Despite a low Debt to Equity ratio and an attractive valuation, the stock's negative performance is compounded by disappointing quarterly results, including a 12.90% drop in net sales.
Broader market context indicates that while the stock has outperformed its sector by 0.62% today, it has still faced substantial losses compared to the benchmark. The Sensex has only fallen by 2.34% over the past week, highlighting the stock's relative weakness. The company's recent financial results, which show significant declines in net sales and profits, have contributed to its poor performance, leading to a negative sentiment among investors. Despite some positive factors, such as rising investor participation and a favorable valuation compared to peers, the overall trend remains downward, reflecting broader concerns about the company's financial health and market position.