Why is Ideaforge Tech falling/rising?

As of 23-Jun, Ideaforge Technology Ltd's stock price is currently at Rs 631.65, reflecting an increase of Rs 57.4 or 10.0%. The stock has shown a strong performance today, outperforming its sector by 7.99% and achieving a consecutive gain over the last two days with a total return of 12.28%. Despite this positive short-term movement, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a decline in net sales and operating profit over the past five years. The company has reported negative results for the last three consecutive quarters, with a substantial drop in both net sales and profit after tax, contributing to a perception of risk among investors.
In the broader market context, Ideaforge Technology's short-term return of 19.85% over the past month significantly outpaces the Sensex, which has only increased by 0.22% in the same period. However, the stock has consistently underperformed against the benchmark over the last three years, generating a return of -18.48% compared to the Sensex's positive performance. Additionally, there has been a decline in institutional investor participation, which may indicate a lack of confidence in the company's long-term prospects. While the stock is currently experiencing a rise, these underlying issues could pose risks for sustained growth moving forward.