Why is Igarashi Motors falling/rising?

As of 19-Nov, Igarashi Motors India Ltd is currently priced at 453.20, reflecting a decrease of 9.2 points or 1.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.97% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 6.18%, and it has also shown significant underperformance over the last month and year, with returns of -11.45% and -38.63%, respectively. The company's financial health is concerning, as it has reported negative results for the last three consecutive quarters, with a significant drop in profit after tax and a high debt-equity ratio, which further contributes to its weak performance.
In the broader market context, while the Sensex has gained 0.85% over the past week, Igarashi Motors has significantly lagged behind, highlighting its struggles relative to the overall market. The stock's liquidity appears adequate, with a notable increase in delivery volume, but this has not translated into positive price movement. Furthermore, the decline in institutional investor participation, which has decreased by 0.69% in the last quarter, suggests a lack of confidence in the company's prospects. Overall, the combination of poor financial performance, negative investor sentiment, and underperformance against the benchmark has led to the stock's current downward trajectory.