Why is IP Rings falling/rising?

As of 25-Jul, IP Rings Ltd's stock price is currently at Rs 172.00, reflecting a decrease of Rs 5.6 or 3.15%. Today's price summary indicates that the stock has underperformed its sector by 1.74%, with an intraday low of Rs 171.65, which is a decline of 3.35%. Despite trading above its moving averages for 5, 20, 50, 100, and 200 days, the stock has seen a significant drop in investor participation, with delivery volume falling by 19.56% compared to the 5-day average. Over the past year, the stock has generated a return of -4.44%, coinciding with a 37.6% decline in profits, which raises concerns about its long-term fundamental strength, especially given the high Debt to EBITDA ratio of 3.62 times and negative ROE.
In the broader market context, IP Rings has outperformed the Sensex over the past week and month, with returns of +6.77% and +24.55%, respectively, while the Sensex has seen declines of -0.36% and -1.56%. However, year-to-date, IP Rings is down 10.93%, contrasting with the Sensex's gain of 4.25%. This disparity highlights the stock's volatility and challenges in maintaining investor confidence, particularly in light of its weak long-term growth prospects and the flat results reported in March 2025. The attractive valuation compared to peers may not be sufficient to offset the negative sentiment stemming from its operational struggles and declining profitability.