Why is Igarashi Motors falling/rising?

As of 15-Jul, Igarashi Motors India Ltd's stock price is rising, currently at Rs 597.00, reflecting an increase of Rs 35.55 or 6.33%. The stock has shown strong performance recently, gaining 16.41% over the last two days and outperforming its sector by 4.67% today. Additionally, it has delivered a notable 20.74% return over the past month, while also achieving a 15.89% return over the last year. Despite a year-to-date decline of 16.61%, the stock has demonstrated significant long-term growth, with a remarkable 111.78% increase over the past three years. However, the company faces challenges, including a decline in quarterly profits and low net sales, which may affect investor sentiment.
In the broader market context, Igarashi Motors' recent short-term performance contrasts sharply with the benchmark Sensex, which has declined by 1.36% over the past week. This indicates that the stock is gaining traction while the overall market is struggling. The rising investor participation, evidenced by a 312.78% increase in delivery volume, suggests growing confidence in the stock despite its mixed long-term growth indicators. The stock's valuation appears attractive compared to its peers, as it trades at a discount, which may also contribute to its upward movement in the current market environment.