Why is IP Rings falling/rising?

As of 07-Aug, IP Rings Ltd is currently priced at 165.00, reflecting a decrease of 2.35, or 1.4%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.94% during this period. Additionally, the stock's performance today has underperformed its sector by 0.79%. In terms of returns, the stock has experienced a 3.37% decline over the past week, while it has shown a significant increase of 17.48% over the past month. However, year-to-date, the stock is down 14.55%, contrasting with a 3.18% gain in the benchmark index. The delivery volume has also decreased significantly, falling by 31.71% compared to the 5-day average, indicating a drop in investor participation.
Broader Market Context: In the context of the broader market, the Sensex has only declined by 0.69% over the past week, suggesting that IP Rings' recent performance is notably weaker than the overall market trend. While the stock has shown strong growth over the longer term, with a 251.81% increase over the past five years, its recent short-term performance contrasts sharply with the benchmark's positive trajectory. This divergence indicates that while the stock has historically performed well, current market conditions and investor sentiment may be negatively impacting its price movement.