Why is Ideaforge Tech falling/rising?

As of 17-Sep, Ideaforge Technology Ltd's stock price is currently at Rs 537.30, reflecting an increase of Rs 22.6 or 4.39%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 4.18%. It reached an intraday high of Rs 546.25, indicating strong trading activity. However, despite this short-term gain, the company has faced significant challenges, including a weak long-term fundamental strength characterized by operating losses and a negative growth rate in net sales and operating profit over the past five years. Additionally, the company has reported negative results for the last four consecutive quarters, with a substantial decline in both net sales and profit after tax.
In the broader market context, Ideaforge Technology Ltd has outperformed the Sensex in the short term, with a 1-week return of 8.13% compared to the Sensex's 1.56%. However, the stock's long-term performance remains concerning, with a year-to-date return of -11.77% and a one-year return of -24.38%, which is significantly worse than the benchmark's performance. The decline in institutional investor participation, with a decrease in their stake, further highlights the stock's risky profile and the lack of confidence in its long-term growth potential. Overall, while the stock is experiencing a temporary rise, the underlying financial issues and negative trends suggest a challenging outlook ahead.