Why is Igarashi Motors falling/rising?

As of 24-Jul, Igarashi Motors India Ltd is experiencing a price increase, currently at Rs 617.10, which reflects a rise of Rs 27.2 or 4.61%. The stock has shown strong performance today, outperforming its sector by 3.68% and gaining 5.03% over the last two days. It opened with a gain of 3.05% and reached an intraday high of Rs 644, indicating positive momentum. Over the past month, the stock has surged by 29.82%, while it has also outperformed the BSE500 in the last year with a return of 22.81%. However, it is important to note that the stock has a low delivery volume, which has decreased significantly by 57.14% against the five-day average, suggesting a potential decline in investor participation.
In the broader market context, Igarashi Motors has outperformed the Sensex in the short term, with a 1-week return of 1.16% compared to the benchmark's slight decline of 0.09%. Despite its recent gains, the company faces challenges such as poor long-term growth, with net sales growing at an annual rate of only 9.43% over the last five years. The company's profitability metrics have also shown weakness, with a significant drop in PAT and net sales in the latest quarter. While the stock is trading at a discount compared to its peers and has a favorable PEG ratio of 0.5, the overall financial performance raises concerns about its sustainability in the long term.