Why is IFCI falling/rising?

As of 24-Jun, IFCI Ltd. is experiencing a decline in its stock price, currently at 61.59, which represents a decrease of 0.16 or 0.26%. The stock has underperformed its sector today by 1.18% and has reversed its trend after two consecutive days of gains. Despite a strong performance over the past month with an increase of 11.39%, the stock has shown a year-to-date decline of 1.03%. Positive indicators include significant growth in profit before tax and profit after tax, alongside a low debt-equity ratio of 0.43 times. However, the stock's long-term fundamentals are weak, with a low return on equity of 0.87% and declining net sales, which may contribute to investor caution.
In the broader market context, IFCI's short-term return of 1.48% over the past week outpaces the Sensex's return of 0.58%, indicating some relative strength. However, the stock's year-to-date performance lags behind the benchmark, which has gained 5.01%. The limited interest from domestic mutual funds, holding only 0.37% of the company, suggests a lack of confidence in the stock's valuation, which is considered expensive compared to peers. This combination of short-term gains against a backdrop of long-term concerns may be influencing the current downward movement in IFCI's stock price.