Why is Ideaforge Tech falling/rising?

As of 29-Aug, Ideaforge Technology Ltd's stock price is currently at Rs 488.10, reflecting an increase of Rs 27.5 or 5.97%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 6.08%. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -2.25% compared to the Sensex's -1.84%. The stock's long-term fundamentals remain weak, with significant operating losses and a poor growth trajectory, as evidenced by a net sales decline of 82.44% over the last six months and negative results reported for the last four consecutive quarters.
Broader market context indicates that while Ideaforge has seen a short-term uptick, its long-term performance has been concerning, with a year-to-date return of -19.85% compared to a positive 2.14% for the Sensex. The stock's liquidity appears adequate for trading, but there is a notable decline in institutional investor participation, which may signal a lack of confidence in the company's future prospects. Overall, despite today's rise, the stock's fundamentals and historical performance suggest a challenging outlook, contributing to its volatility and recent price movements.