Why is Igarashi Motors falling/rising?

As of 03-Jul, Igarashi Motors India Ltd is experiencing a decline in its stock price, currently at Rs 532.20, reflecting a decrease of Rs 7.7 or 1.43%. The stock has underperformed its sector by 2.48% today and has seen a trend reversal after four consecutive days of gains. It opened with a loss of 3.52%, reaching an intraday low of Rs 520.9. Despite a significant increase in delivery volume, which rose by 338.64% against the 5-day average, the company faces challenges with poor long-term growth indicators, including a 53.4% drop in PAT for the last quarter and the lowest net sales recorded at Rs 189.47 crore. The stock's valuation appears expensive with a ROCE of 7.1 and a high enterprise value to capital employed ratio of 3.1, which may be contributing to the downward pressure on its price.
In the broader market context, Igarashi Motors has shown a positive return of 11.50% over the past week, contrasting with a slight decline of 0.62% in the Sensex during the same period. However, the stock's year-to-date performance is concerning, with a decline of 25.66%, while the Sensex has gained 6.53%. This disparity indicates that despite recent short-term gains, the stock's overall performance is lagging behind the benchmark, which may be influencing investor sentiment negatively. The company's recent financial struggles, including stagnant sales growth and declining profits, further exacerbate this situation, leading to a cautious outlook among investors.