Why is IFCI falling/rising?

As of 27-Jun, IFCI Ltd. is experiencing a rise in its stock price, currently at Rs 64.54, reflecting an increase of Rs 1.47 or 2.33%. The stock has shown strong performance today, outperforming its sector by 2.24% and reaching an intraday high of Rs 65.1, which is a 3.22% increase. Over the past week, IFCI has delivered a return of 7.69%, significantly higher than the Sensex's 2.00% increase. Additionally, the company has demonstrated consistent returns over the last three years, with a remarkable 621.12% increase over that period. Positive financial indicators include a substantial growth in profit before tax (PBT) and profit after tax (PAT), alongside a low debt-equity ratio of 0.43 times, which suggests financial stability. However, there are concerns regarding long-term fundamental strength, as indicated by a low return on equity (ROE) of 0.87% and declining net sales.
In the broader market context, IFCI's short-term performance has outpaced the benchmark, with a 7.69% return over the past week compared to the Sensex's 2.00%. This outperformance may attract investor interest despite the noted weaknesses in long-term growth and valuation concerns, as domestic mutual funds hold only a minimal stake in the company. The stock's premium valuation relative to peers and the high PEG ratio of 2 suggest that while current performance is strong, there may be underlying apprehensions about sustainable growth, which could influence future price movements.