Why is Ideaforge Tech falling/rising?

As of 24-Jun, Ideaforge Technology Ltd's stock price is currently at 632.15, reflecting a slight increase of 0.5 (0.08%). The stock has shown a strong performance in the short term, gaining 12.37% over the last three days and 6.50% over the past week, significantly outperforming the Sensex, which has only risen by 0.58% in the same period. However, despite this recent uptick, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative annual growth rate in net sales of -5.50% and a troubling EBIT to Interest ratio of -12.35. Additionally, the company has reported negative results for the last three consecutive quarters, with net sales and profit after tax both declining by 80.37% in the latest six months, contributing to a perception of risk among investors.
In the broader market context, while Ideaforge Technology has outperformed the benchmark in the short term, it has consistently underperformed over the longer term, generating a return of -22.56% over the past year compared to the Sensex's gain of 6.10%. The stock's recent rise may be attributed to increased investor participation, with delivery volume surging by 439.88% against the five-day average, indicating heightened interest. However, the decline in institutional investor stakes by 0.77% suggests a lack of confidence in the company's fundamentals, which could weigh on future performance. Overall, while the stock is experiencing a short-term rally, the underlying financial issues and negative investor sentiment present significant headwinds.