Why is IFCI falling/rising?

As of 09-Jul, IFCI Ltd. is currently priced at 61.78, reflecting an increase of 0.46 or 0.75%. The stock has shown a trend reversal, gaining after six consecutive days of decline. It has outperformed its sector by 0.37% today, with a delivery volume of 31.15 lacs, which has risen by 5.57% compared to the five-day average. Despite this positive movement, the stock has underperformed over the past week and month, with returns of -3.44% and -8.15%, respectively. Positive financial indicators include a significant growth in profit before tax and profit after tax, at 233.3% and 1097.2% respectively, alongside a low debt-equity ratio of 0.43 times. However, the stock's long-term fundamentals are weak, evidenced by a low return on equity of 0.87% and declining net sales, which may contribute to investor caution.
In the broader market context, while IFCI's recent performance has shown a slight uptick, it has still lagged behind the Sensex, which has gained 0.15% over the past week. The stock's year-to-date performance is also negative at -0.72%, contrasting sharply with the Sensex's positive return of 6.91%. This disparity suggests that while there may be short-term recovery signals for IFCI, the overall market sentiment remains more favorable towards broader indices, indicating potential investor hesitance in committing to IFCI given its weak long-term growth prospects and relatively high valuation compared to peers.