Why is ISGEC Heavy falling/rising?

As of 23-Sep, ISGEC Heavy Engineering Ltd is experiencing a decline in its stock price, currently at 947.00, which reflects a decrease of 12.0 points or 1.25%. The stock has underperformed its sector by 1.71% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.06% during this period. Additionally, the stock has shown negative returns over various time frames, including a 6.88% drop over the past month and a significant 34.38% decline year-to-date. Despite a low debt-to-equity ratio of 0.33 and a relatively attractive valuation with a return on capital employed (ROCE) of 12.4, the stock's performance has been adversely affected by disappointing financial results, including a 12.1% fall in profit after tax and the lowest net sales recorded at Rs 1,340.99 crore.
In the broader market context, ISGEC Heavy's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 0.98% over the past month. The stock's year-long return of -31.30% significantly exceeds the BSE500's negative return of -4.69%, indicating a substantial lag in performance relative to the market. While there has been a slight increase in investor participation, as evidenced by a 4.62% rise in delivery volume, the overall sentiment remains negative due to the company's recent financial struggles and the stock trading below its moving averages across multiple time frames.