Why is IP Rings falling/rising?

As of 17-Sep, IP Rings Ltd is currently priced at 156.75, reflecting a decrease of 2.05, or 1.29%. The stock has underperformed its sector by 1.25% today and has experienced a trend reversal, falling after three consecutive days of gains. It opened with a significant loss of 4.57%, reaching an intraday low of Rs 151.55. In terms of performance over various periods, the stock has seen a decline of 5.03% over the past month and a substantial year-to-date drop of 18.82%. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 37.98% against the five-day average, indicating some level of interest despite the current price decline. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
Broader Market Context: In comparison to the benchmark Sensex, which has risen by 1.56% over the past week, IP Rings Ltd has shown a modest increase of 2.45% in the same timeframe, suggesting that while it has performed better than the benchmark recently, its longer-term performance remains concerning. Over the past month, while the Sensex has gained 2.60%, IP Rings has declined by 5.03%, highlighting a significant underperformance relative to the broader market. This trend is further emphasized by the stock's year-to-date performance, where it has fallen by 18.82% compared to the Sensex's gain of 5.83%, indicating a challenging environment for IP Rings Ltd amidst a generally positive market backdrop.