Why is Igarashi Motors falling/rising?

As of 07-Jul, Igarashi Motors India Ltd is experiencing a slight increase in its stock price, currently at 542.40, reflecting a change of 0.55 (0.1%) upward. The stock has shown strong performance recently, gaining 1.92% over the last two days and outperforming its sector by 0.56%. In the past week, it has risen by 11.60%, while its one-month return stands at 8.81%. Despite these positive short-term movements, the stock has faced challenges in the long term, with a year-to-date decline of 24.24%. The company has reported a significant drop in key financial metrics, such as a 56.5% decrease in profit before tax compared to the previous four-quarter average, which may contribute to investor caution despite its recent gains.
In the broader market context, Igarashi Motors has outperformed the Sensex in the short term, with a 1-week return of 11.60% compared to the benchmark's slight decline of 0.20%. However, the stock's long-term growth prospects appear limited, as indicated by a modest annual growth rate in net sales of 9.43% and operating profit of 4.53% over the past five years. While the stock has generated a return of 6.25% over the last year, its profitability has not kept pace, leading to a PEG ratio of 0.5, suggesting that the stock may be overvalued relative to its earnings growth. This combination of short-term gains and long-term concerns creates a complex picture for investors considering Igarashi Motors.