Why is IP Rings falling/rising?

As of N/A, IP Rings Ltd is currently priced at 154.00, reflecting an increase of 4.0, or 2.67%. While today's price summary data is unavailable, the stock has shown a positive return of 9.80% over the past week, contrasting sharply with the Sensex's decline of 1.12%. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date return of -20.25% and a one-year return of -16.85%. The company's return on capital employed (ROCE) stands at 5.2, indicating an attractive valuation, yet it trades at a discount compared to its peers. The significant drop in profits by 37.6% over the past year raises concerns, especially given the high debt-to-EBITDA ratio of 3.62 times, which suggests a low ability to service debt and contributes to a negative return on equity (ROE).
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex in the short term while still lagging behind in the longer term. The Sensex has generated a modest return of 5.27% year-to-date, while IP Rings has seen a substantial decline. The company's weak long-term fundamental strength, highlighted by a -32.23% compound annual growth rate (CAGR) in operating profits over the last five years, further complicates its outlook. Despite the recent rise in stock price, the overall negative trends in profitability and market performance suggest that investors remain cautious about the company's future prospects.