Why is ICE Make Refrig. falling/rising?

As of 23-Oct, ICE Make Refrigeration Ltd's stock price is rising, currently at 732.15, reflecting an increase of 18.9 or 2.65%. The stock has outperformed its sector today by 3.41%, although it is trading higher than its 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 4.05%, despite a decline of 5.01% over the past month. Key factors influencing this movement include the company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.76 times, and healthy long-term growth with net sales increasing at an annual rate of 32.74%. However, the company has also reported significant declines in profit before tax and profit after tax, which have fallen by 142.46% and 138.3%, respectively, contributing to a negative sentiment around the stock.
In the broader market context, while the stock has outperformed the sector in the short term, it has underperformed the benchmark index, Sensex, which has returned 1.20% over the past week. The stock's year-to-date performance is down 2.07%, contrasting sharply with the Sensex's gain of 9.50% during the same period. Additionally, the stock has generated a negative return of 9.17% over the past year, while the broader market has seen a return of 5.96%. This underperformance, coupled with a lack of domestic mutual fund investment, suggests that investor confidence may be wavering, despite the recent uptick in price.