Why is IFB Industries falling/rising?

As of 18-Jul, IFB Industries Ltd is experiencing a decline in its stock price, currently at 1,456.50, which represents a decrease of 43.5 points or 2.9%. The stock has underperformed its sector by 3.16% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 4.02% during this period. Additionally, the stock has shown negative returns over the past week and month, with declines of 2.58% and 7.16%, respectively. Despite a strong long-term growth outlook, as evidenced by a 42.66% annual growth rate in operating profit and consistent positive results over the last seven quarters, the stock's recent performance has been adversely affected by falling investor participation, as indicated by a significant drop in delivery volume.
In the broader market context, IFB Industries' recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of 0.90% over the past week and a modest gain of 0.38% over the past month. While the stock has generated a negative return of 8.37% over the past year, its profits have increased significantly by 136.1%, suggesting that the stock may be undervalued relative to its earnings potential. The company's attractive valuation, characterized by a low Price to Book Value ratio and a favorable PEG ratio of 0.4, indicates that it is trading at a discount compared to its peers. However, the combination of recent price declines and reduced trading activity may be contributing to a lack of investor confidence, leading to the current downward trend in the stock price.