Why is IFB Industries falling/rising?

As of 20-Aug, IFB Industries Ltd is experiencing a price increase, currently at 1,485.00, with a change of 9.75, representing a rise of 0.66%. The stock has shown strong performance recently, outperforming its sector by 0.68% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has surged by 15.79%, while its one-month return stands at 1.96%. Despite a significant decline of 27.01% over the past year, the company has reported a 21.5% increase in profits, indicating healthy long-term growth potential. The low debt-to-equity ratio of 0.06 and an attractive valuation with a price-to-book value of 7.1 further support the stock's positive movement.
In the broader market context, IFB Industries has significantly outperformed the Sensex, which has only increased by 1.64% over the past week. However, the stock has underperformed the market over the last year, where the BSE500 index recorded a negative return of -1.20%. The flat results reported in June, including a substantial drop in profit before tax and profit after tax, have contributed to the stock's overall decline in the past year. Despite these challenges, the recent uptick in investor participation, as evidenced by a 21.98% increase in delivery volume, suggests a growing interest in the stock, potentially buoyed by its healthy operating profit growth rate of 41.06%.