Why is IFCI falling/rising?

As of 30-Jun, IFCI Ltd. is experiencing a price increase, currently trading at 65.22, which reflects a rise of 0.68 or 1.05%. The stock has shown positive momentum, gaining 3.41% over the last two days and outperforming its sector by 0.53% today. In terms of performance against benchmarks, IFCI has delivered a 5.62% return over the past week, while the Sensex has only increased by 2.09%. Additionally, the company has demonstrated strong growth in profit before tax and profit after tax, with respective increases of 233.3% and 31.76%. However, it faces challenges with a weak long-term fundamental strength indicated by a low return on equity and declining net sales.
In the broader market context, IFCI's short-term performance significantly outpaces the Sensex, suggesting a favorable sentiment towards the stock despite its long-term growth concerns. The stock's liquidity remains adequate, allowing for trades of substantial size, although there has been a slight decline in investor participation. The low debt-equity ratio of 0.43 times indicates financial stability, yet the limited interest from domestic mutual funds, holding only 0.37% of the company, raises questions about its valuation and future growth potential. Overall, while IFCI is currently rising, its long-term outlook remains uncertain due to fundamental weaknesses.