Why is IP Rings falling/rising?

As of 22-Jul, IP Rings Ltd is experiencing a price increase, currently trading at 175.50, reflecting a change of 0.5 or 0.29% upwards. The stock has shown strong performance recently, gaining 25.45% over the last seven days and outperforming its sector by 1.35% today. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite this recent surge, the stock has a year-to-date return of -9.11%, and its profits have fallen by -37.6% over the past year, contributing to a negative return of -0.71% in that same timeframe. The company has a high Debt to EBITDA ratio of 3.62 times, which raises concerns about its long-term financial stability.
In the broader market context, while IP Rings has outperformed the Sensex by a significant margin in the short term, with a 1-week return of +25.31% compared to the benchmark's -0.47%, it is important to note that the stock has underperformed over a longer horizon, particularly with a 5-year CAGR growth in operating profits of -32.23%. The Sensex has shown a positive return of +5.18% year-to-date, contrasting with IP Rings' struggles. This divergence highlights the stock's volatility and the challenges it faces despite recent gains, as investors weigh its attractive valuation against its weak long-term fundamentals and declining profitability.