Why is IFB Industries falling/rising?

As of 24-Jul, IFB Industries Ltd is experiencing a price increase, currently at 1,427.30, reflecting a rise of 65.95 or 4.84%. Today's price summary indicates that the stock outperformed its sector by 5.26%, reaching an intraday high of Rs 1,440, which is a 5.78% increase. However, the stock has shown a decline of 4.85% over the past week and 8.85% over the past month, indicating a challenging short-term performance. Despite this, the company has demonstrated strong fundamentals, with a low debt-to-equity ratio, consistent positive results over the last seven quarters, and significant growth in operating profit at an annual rate of 42.66%. The stock is currently trading at a discount compared to its peers, with a PEG ratio of 0.4, suggesting attractive valuation metrics.
In the broader market context, while IFB Industries has underperformed the market over the past year with a return of -16.84% compared to the Sensex's gain of 2.54%, it has shown resilience in the long term with a 52.11% return over three years and a remarkable 275.75% increase over five years. The recent price increase may be attributed to positive investor sentiment driven by the company's strong financial performance, despite the recent decline in investor participation and lower trading volumes. The stock's liquidity remains adequate for trading, which could also support its price movement in the current market environment.