Why is Igarashi Motors falling/rising?

As of 14-Aug, Igarashi Motors India Ltd is experiencing a price increase, with its current price at Rs 503.85, reflecting a rise of Rs 10.05 or 2.04%. Today's price summary indicates that the stock has outperformed its sector by 1.7% and has gained after five consecutive days of decline, reaching an intraday high of Rs 508. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 19.92% against the 5-day average. Despite a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.14 times, the company faces challenges such as poor long-term growth and negative results in the recent quarter, which may contribute to its overall volatility.
In the broader market context, Igarashi Motors has underperformed compared to the benchmark, with a year-to-date return of -29.62% against the Sensex's gain of 3.15%. Over the past week, the stock has declined by 11.71%, while the Sensex has remained relatively flat with a change of -0.03%. This stark contrast highlights the stock's struggles in the market, particularly given its negative performance over the last year, where it generated a return of -18.98% compared to the BSE500's decline of only -0.57%. The combination of these factors suggests that while there may be short-term gains, the long-term outlook remains challenging for Igarashi Motors.