Why is IP Rings falling/rising?

As of 18-Sep, IP Rings Ltd is currently priced at 159.00, reflecting an increase of 2.25, or 1.44%. The stock has outperformed its sector today by 1.3%, although it is trading below its 20-day and 50-day moving averages, indicating mixed short-term momentum. Over the past week, the stock has shown a positive return of 4.40%, contrasting with a decline of 2.00% over the past month. Despite this recent uptick, the stock has experienced a significant drop of 31.60% over the past year, with profits plummeting by 126.3%. The company has a low return on equity and a high debt-to-EBITDA ratio, which raises concerns about its long-term fundamental strength and profitability.
Broader market context shows that while the Sensex has gained 1.80% over the past week, IP Rings has outperformed this benchmark, suggesting some positive sentiment in the short term. However, the stock's year-to-date performance is notably poor, with a decline of 17.66% compared to the Sensex's gain of 6.24%. This disparity highlights the challenges IP Rings faces in the broader market, particularly given its weak operating profit growth and low ability to service debt. The significant drop in investor participation, as evidenced by a 77.57% decrease in delivery volume, further underscores the cautious outlook among investors despite today's price increase.