Why is Igarashi Motors falling/rising?

As of 11-Jul, Igarashi Motors India Ltd is experiencing a decline in its stock price, currently at Rs 512.85, which reflects a decrease of Rs 11.4 or 2.17%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 5.45% during this period. Today's trading saw the stock reach an intraday low of Rs 507.5, and the volume traded was closer to this low price, indicating a lack of investor confidence. In terms of returns, the stock has underperformed the benchmark Sensex over the past week, with a decline of 5.35% compared to the Sensex's drop of only 1.12%. Additionally, the stock's long-term growth prospects appear poor, with net sales and operating profit growth rates of only 9.43% and 4.53%, respectively, over the last five years.
Broader market context shows that while Igarashi Motors has outperformed the BSE500 in the long term, its recent performance has been lackluster, particularly in the short term. The stock's year-to-date performance is down 28.36%, contrasting sharply with the Sensex's gain of 5.58%. This significant underperformance, coupled with falling investor participation and disappointing quarterly results, has contributed to the stock's decline. Despite a positive PEG ratio of 0.4 and a historical discount compared to peers, the current market sentiment remains negative, impacting the stock's price movement.