Why is IP Rings falling/rising?

As of 24-Sep, IP Rings Ltd is currently priced at 153.75, reflecting an increase of 2.05, or 1.35%. The stock has shown a positive performance today, outperforming its sector by 2.39% and has been gaining for the last two days, with a total return of 2.33% during this period. However, the stock has faced significant challenges over the longer term, evidenced by a 32.12% decline in the past year and a 20.38% drop year-to-date. While it has an attractive valuation with a return on capital employed of 4.9 and is trading at a discount compared to peers, the company's profitability has been concerning, with a 126.3% fall in profits over the past year and a low return on equity of 0.50%.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed significantly over the past year, where the Sensex recorded a decline of only 3.77%. The stock's short-term gains come amid a backdrop of weak long-term fundamentals, including a negative compound annual growth rate in operating profits and a high debt-to-EBITDA ratio of 3.73 times, indicating challenges in servicing debt. Despite the recent uptick in investor participation and liquidity, the overall sentiment remains cautious due to the company's weak financial metrics and historical performance relative to the market.