Why is IP Rings falling/rising?

As of 23-Sep, IP Rings Ltd's stock price is currently at Rs 154.00, reflecting an increase of Rs 3.75, or 2.5%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement today, the stock has underperformed over the past week, down 3.02%, and has seen a significant decline of 20.25% year-to-date. Additionally, the stock's performance today has outpaced its sector by 2%, although it remains below several moving averages, indicating mixed signals. Notably, there has been a decrease in investor participation, with delivery volume falling by 20.53% compared to the five-day average, which may contribute to the stock's volatility.
Broader market context indicates that while IP Rings has experienced a short-term uptick, its longer-term performance has been less favorable compared to the benchmark, the Sensex, which has gained 5.07% year-to-date. Over the past month, IP Rings has declined by 4.64%, contrasting with the Sensex's increase of 0.98%. This disparity highlights the stock's struggles in a generally positive market environment. The stock's liquidity remains adequate for trading, but the falling delivery volume suggests cautious sentiment among investors, which could impact future price movements.