Why is Igarashi Motors falling/rising?

As of 01-Aug, Igarashi Motors India Ltd is experiencing a price increase, currently at Rs 580.55, reflecting a rise of 10.2 points or 1.79%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It outperformed its sector by 3.01% and reached an intraday high of Rs 599.15, marking a 5.05% increase. However, the stock's recent performance over the past week shows a decline of 4.83%, while it has increased by 13.08% over the past month. Despite this positive movement, there are concerns regarding falling investor participation, as delivery volume dropped significantly by 63.3% compared to the five-day average. The company has a low Debt to EBITDA ratio of 1.14, indicating a strong ability to service debt, but it also faces challenges with poor long-term growth metrics, such as a low return on capital employed (ROCE) of 7.3 and a high enterprise value to capital employed ratio of 3.4.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week and 3.70% over the past month. While Igarashi Motors has shown a positive return in the short term, its year-to-date performance remains negative at -18.91%, compared to the Sensex's positive return of 3.15%. This suggests that while the stock is currently rising, it is still underperforming in the longer term relative to the market. The company's profitability has increased significantly, with profits rising by 152% over the past year, yet the stock has generated a negative return, indicating potential valuation concerns despite its recent price increase.