Why is IP Rings falling/rising?

As of 19-Sep, IP Rings Ltd is experiencing a decline in its stock price, currently at Rs 151.10, which represents a decrease of Rs 7.9 or 4.97%. The stock has underperformed its sector today by 5.08%, touching an intraday low of Rs 150.25. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, IP Rings has generated a return of -34.30%, significantly underperforming against the benchmark Sensex, which has seen a decline of only 0.67%. The company's profits have also fallen sharply by 126.3%, contributing to its weak performance.
Broader Market Context: In the short term, IP Rings' performance has been notably poor, with a 1-week return of -1.02%, contrasting with the Sensex's gain of 0.88%. The stock's liquidity is also a concern, as evidenced by a 26.07% drop in delivery volume compared to the 5-day average. The company's fundamentals are weak, highlighted by a high Debt to EBITDA ratio of 3.73 times and a low Return on Equity of 0.50%, which suggests limited profitability and ability to service debt. These factors, combined with the stock's significant underperformance relative to the broader market, indicate a challenging environment for IP Rings, reinforcing the negative sentiment surrounding its recent price movement.