Why is IFCI falling/rising?

As of 04-Jul, IFCI Ltd. is experiencing a decline in its stock price, currently at 62.60, reflecting a decrease of 0.6 or 0.95%. The stock has underperformed its sector today by 1.08% and has been on a consecutive fall for the last four days, resulting in a total decline of 4.02% during this period. Despite having higher prices than the 50-day, 100-day, and 200-day moving averages, it is currently lower than the 5-day and 20-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 39.94% compared to the 5-day average. Although the company has shown positive growth in profit before tax and profit after tax, its long-term fundamental strength is weak, indicated by a low return on equity and declining net sales.
In the broader market context, IFCI's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.01% compared to the Sensex's -0.74%. While the stock has generated a modest return of 2.89% over the past year, it has lagged behind the benchmark's 4.23% return. The stock's valuation appears expensive relative to its peers, as indicated by a high price-to-book value ratio, and the low stake held by domestic mutual funds suggests a lack of confidence in the stock's current price. This combination of factors contributes to the ongoing decline in IFCI's stock price.