Why is IB Infotech falling/rising?

As of 30-Jul, IB Infotech Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 174.40, which reflects a decrease of Rs 9.1 or 4.96%. The stock has underperformed its sector by 5.57% today and has been on a downward trend, losing 6.21% over the last two days. It opened with a significant loss of 4.99% and reached an intraday low of Rs 174.35. Over the past week, the stock has decreased by 2.30%, and in the last month, it has fallen by 11.92%. Despite a strong performance over the past year with a return of 14.36%, the stock's recent movements are overshadowed by weak trading activity, as evidenced by a drastic 97.94% drop in delivery volume compared to the five-day average.
In the broader market context, while the Sensex has shown a slight decline of 1.50% over the past week, IB Infotech's performance has been notably worse. The stock's long-term fundamentals are weak, with a low EBIT to Interest ratio and a high PEG ratio indicating overvaluation. However, the recent increase in promoter confidence, with a 0.55% stake increase, suggests some positive sentiment about the company's future. Despite this, the stock's poor liquidity and erratic trading patterns contribute to its current downward trajectory, making it a strong sell in light of its recent performance and fundamental weaknesses.