Why is Ideaforge Tech falling/rising?

As of 23-Sep, Ideaforge Technology Ltd is currently priced at Rs 534.00, reflecting an increase of Rs 4.9 or 0.93%. The stock has shown a positive performance today, outperforming its sector by 0.57%, and reached an intraday high of Rs 541.95, marking a 2.43% rise. Over the past week, the stock has appreciated by 3.75%, and in the last month, it has gained 6.94%. However, the company faces significant challenges, including operating losses and a poor long-term growth outlook, with net sales declining at an annual rate of -30.89% and operating profit plummeting by -499.72% over the last five years. Additionally, the company has reported negative results for four consecutive quarters, with a notable drop in profit after tax and operating cash flow, which raises concerns about its financial health.
In the broader market context, while Ideaforge Technology has shown a positive short-term return, the benchmark Sensex has experienced a slight decline of -0.34% over the past week. This indicates that the stock's recent gains are somewhat isolated, as it has outperformed the broader market in the short term. However, the long-term performance remains concerning, with a year-to-date decline of -12.32% compared to a 5.07% increase in the Sensex. The decrease in institutional investor participation, which has fallen by -0.97%, further highlights the stock's risky profile, as these investors typically have better insights into the company's fundamentals. Overall, while there are short-term gains, the underlying financial issues and declining investor confidence suggest a challenging outlook for Ideaforge Technology Ltd.