Why is IP Rings falling/rising?

As of 29-Oct, IP Rings Ltd is experiencing a price increase, currently at Rs 143.50, reflecting a rise of Rs 5.5 or 3.99%. Today's price summary indicates that the stock outperformed its sector by 4.23% and opened with a gain of 4.35%. It reached an intraday high of Rs 144.8, which is a 4.93% increase. However, despite this positive movement, the stock has shown a year-to-date decline of 25.69% and a one-year decline of 27.53%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 52.1% against the five-day average, which may suggest a lack of sustained interest despite the recent price rise.
Broader Market Context: The benchmark Sensex has increased by 0.68% over the past week and by 5.76% over the past month, indicating a stronger performance compared to IP Rings' 1-month return of 0.38%. While the stock has shown some recovery in the short term, its long-term performance remains significantly below the benchmark, particularly with a three-year return of 15.73% compared to the Sensex's 41.76%. This context highlights that while IP Rings is currently rising, it is still underperforming relative to the broader market trends.