Why is ISGEC Heavy falling/rising?

As of 26-Sep, ISGEC Heavy Engineering Ltd's stock price is currently at 896.95, reflecting a decline of 39.1 points or 4.18%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 5.16% during this period. Additionally, it has underperformed its sector by 1.89%. Over the past week, the stock has decreased by 8.99%, and year-to-date, it has seen a significant decline of 37.85%. The company's recent financial performance has also been disappointing, with negative results reported for the quarter ending June 25, including a 12.90% drop in net sales and a 12.1% decrease in profit after tax. Although the company has a low debt-to-equity ratio and an attractive valuation, these factors have not been sufficient to counteract the negative sentiment surrounding its recent earnings.
In the broader market context, ISGEC Heavy's performance has been notably worse than the benchmark, as it has declined by 36.11% over the past year compared to the BSE500's negative return of 7.63%. The engineering sector, particularly industrial equipment, has also faced challenges, with a sector-wide decline of 2.28%. The stock's liquidity appears to be adequate, but there has been a notable drop in investor participation, with delivery volume decreasing by 24.64% against the five-day average. This combination of poor financial results, sector underperformance, and declining investor interest has contributed to the stock's downward trajectory.