Why is IP Rings falling/rising?

As of 17-Oct, IP Rings Ltd is experiencing a decline in its stock price, currently at Rs 134.20, which represents a decrease of Rs 8.15 or 5.73%. The stock has underperformed its sector by 4.92% today, reaching an intraday low of Rs 131, reflecting a significant drop of 7.97%. 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 week, the stock has fallen by 7.22%, and it has seen a substantial decline of 30.50% year-to-date, while its performance over the past year shows a decrease of 40.82%. Notably, there has been a drastic reduction in investor participation, with delivery volume dropping by 92.58% compared to the 5-day average, which suggests a lack of interest among investors.
In the broader market context, the Sensex has shown a positive return of 1.76% over the past week and a 7.44% increase year-to-date, contrasting sharply with IP Rings' negative performance. This divergence indicates that while the overall market is gaining, IP Rings is struggling significantly. The stock's long-term performance over the past three years shows a modest gain of 5.88%, but this is overshadowed by the Sensex's impressive 43.73% growth in the same period. The stark contrast between IP Rings' declining returns and the benchmark's gains highlights the challenges the company is facing in the current market environment.