Why is IFB Industries falling/rising?

As of 19-Aug, IFB Industries Ltd is experiencing a decline in its stock price, currently at 1,475.25, which reflects a decrease of 63.5 points or 4.13%. Today's performance indicates that the stock has underperformed its sector by 3.65% and has reversed its trend after three consecutive days of gains. The stock touched an intraday low of Rs 1475, and trading volume was notably higher near this low price, suggesting increased selling pressure. Over the past week, the stock has shown a positive return of 15.11%, but it has significantly underperformed over the longer term, with a year-to-date return of -22.07% and a one-year return of -25.97%. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the recent flat results and significant declines in profit before tax and profit after tax have negatively impacted investor sentiment.
In the broader market context, while the Sensex has shown a modest gain of 1.76% over the past week, IFB Industries' short-term performance has been markedly better, yet its longer-term struggles are evident as it has underperformed the market over the last year. The stock's decline is compounded by its recent financial results, which have not met expectations, leading to a lack of confidence among investors. Although the company has attractive valuations and rising investor participation, the significant drop in profitability and the stock's overall negative returns compared to the benchmark indicate a challenging environment for IFB Industries.