Why is IFB Industries falling/rising?

As of 24-Sep, IFB Industries Ltd is experiencing a price increase, currently at Rs 1,821.00, reflecting a rise of Rs 70.7 or 4.04%. The stock has shown strong performance today, outperforming its sector by 4.17% and reaching an intraday high of Rs 1,900, which is an 8.55% increase. Over the past week, the stock has gained 15.55%, while its one-month return stands at 23.93%. Despite a year-to-date decline of 3.80%, the company has demonstrated healthy long-term growth with an annual operating profit increase of 41.06%. The stock is trading at a discount compared to its peers, supported by a low debt-to-equity ratio of 0.06 and a favorable return on equity of 14.1. However, recent quarterly results showed a significant drop in profit before tax and profit after tax, which may raise concerns among investors.
In the broader market context, the Sensex has seen a slight decline of 1.18% over the past week, contrasting with IFB Industries' strong performance. While the stock has outperformed the benchmark significantly in the short term, it is important to note that the overall market sentiment may still be cautious due to the company's flat results in June and declining investor participation, as indicated by a 44.77% drop in delivery volume compared to the five-day average. Despite these challenges, the stock's liquidity remains adequate for trading, suggesting that investor interest may still be present, contributing to its recent upward price movement.