Why is IP Rings falling/rising?

As of 22-Sep, IP Rings Ltd is experiencing a decline in its stock price, currently at 150.25, which reflects a decrease of 0.95 or 0.63%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.5% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.30%, and year-to-date, it has seen a significant drop of 22.19%. While there has been a notable increase in delivery volume, rising by 130.64% against the 5-day average, the overall sentiment remains negative due to the stock's consistent underperformance compared to the sector.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting sharply with IP Rings' decline. This disparity highlights the stock's struggle to keep pace with the benchmark, as it has underperformed the sector by 0.52% today. The year-to-date performance also reflects a stark difference, with the Sensex gaining 5.15% while IP Rings has lost over 22%. This underperformance relative to the market suggests that investor sentiment towards IP Rings is currently weak, contributing to its falling stock price.