Why is IP Rings falling/rising?

As of 07-Nov, IP Rings Ltd is experiencing a decline in its stock price, currently at Rs 133.40, which reflects a decrease of Rs 4.6 or 3.33%. The stock has underperformed its sector by 3.16% today and has been on a downward trend for the last two days, accumulating a total loss of 3.99%. Additionally, the stock opened with a loss of 2.03% and reached an intraday low of Rs 127.7, marking a significant drop of 7.46%. The stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 18.57% compared to the five-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, IP Rings Ltd has underperformed significantly compared to the Sensex, with a one-week return of -7.23% against the benchmark's -0.86%. Over the past month, the stock has declined by 2.95%, while the Sensex has gained 1.57%. Year-to-date, IP Rings has seen a substantial drop of 30.92%, contrasting sharply with the Sensex's increase of 6.50%. This stark difference in performance highlights the challenges faced by IP Rings in the current market environment, contributing to its ongoing price decline.