Why is Igarashi Motors falling/rising?

As of 10-Nov, Igarashi Motors India Ltd is currently priced at Rs 486.00, reflecting a decline of Rs 5.45 or 1.11%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.78%. It is trading below all key moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -35.28%, while profits have decreased by 32.6%. Additionally, the company has reported negative results for the last three consecutive quarters, with a significant drop in PAT and a high Debt to EBITDA ratio of 4.08 times, which suggests a low ability to service debt. The recent decline in institutional investor participation, with a decrease of 0.69% in their stake, further reflects a lack of confidence in the stock.
In the broader market context, Igarashi Motors has underperformed the Sensex, which has seen a slight increase of 1.25% over the past month, while Igarashi Motors has dropped by 10.08%. This stark contrast highlights the stock's struggles relative to the market. The company's poor long-term growth prospects, indicated by a low annual growth rate of net sales and a low return on equity of 3.08%, contribute to its negative performance. Overall, the combination of declining profits, high debt levels, and reduced institutional interest paints a concerning picture for Igarashi Motors, leading to its current downward price movement.