Why is Igarashi Motors falling/rising?

As of 02-Jul, Igarashi Motors India Ltd's stock price is currently at Rs 539.90, reflecting an increase of Rs 26.5 or 5.16%. The stock has shown strong performance recently, gaining 13.12% over the last four days and outperforming its sector by 4.39% today. Additionally, it has recorded a weekly return of 12.60%, significantly higher than the Sensex's 0.79% increase during the same period. However, despite these short-term gains, the company faces challenges, including a decline in PAT for the latest quarter and low net sales figures, which may raise concerns about its long-term growth potential.
In the broader market context, while Igarashi Motors has outperformed the Sensex in the short term, it has underperformed year-to-date with a decline of 24.58% compared to the Sensex's 6.75% increase. The stock's recent rise can be attributed to increased investor participation, as evidenced by a significant rise in delivery volume. However, the company's long-term growth prospects appear weak due to stagnant sales growth and a high valuation relative to its returns, which could temper investor enthusiasm moving forward.