Why is Igarashi Motors falling/rising?

As of 16-Jul, Igarashi Motors India Ltd is experiencing a rise in its stock price, currently at Rs 611.70, reflecting an increase of Rs 14.7 or 2.46%. The stock has shown strong performance recently, gaining 19.27% over the last three days and outperforming its sector by 2.58% today. It reached an intraday high of Rs 625, although it also touched a low of Rs 583.05 during the day. The stock's performance over various periods indicates a significant increase of 26.06% over the past month and 19.26% over the past year, while it has outperformed the BSE500 index in the last three years, one year, and three months. However, it is important to note that the company has faced challenges, including a decline in quarterly profit after tax and low net sales figures.
In the broader market context, Igarashi Motors has outperformed the benchmark Sensex in the short term, with a 1-week return of +16.23% compared to the Sensex's -1.08%. This strong short-term performance contrasts with its year-to-date return of -14.56%, which is significantly lower than the Sensex's +5.75%. Despite the recent gains, concerns remain regarding the company's long-term growth, as evidenced by modest annual growth rates in net sales and operating profit over the past five years. The stock's valuation appears expensive relative to its return on capital employed, although it trades at a discount compared to its peers. Overall, the recent rise in stock price can be attributed to positive short-term performance and increased investor participation, despite underlying long-term growth concerns.