Why is IFCI falling/rising?

As of 16-Jul, IFCI Ltd. is experiencing a decline in its stock price, currently at 62.33, which reflects a decrease of 0.64 or 1.02%. The stock has underperformed its sector by 0.79% today and has shown a trend reversal after two consecutive days of gains. Despite trading above its moving averages for various periods, the stock's delivery volume has decreased by 4.13% against the five-day average, indicating falling investor participation. Over the past year, IFCI has significantly underperformed the market with a return of -15.85%, while its profits have increased by 62.5%, leading to a high PEG ratio of 1.9, suggesting that the stock is overvalued compared to its peers. Additionally, the company's weak long-term fundamentals, characterized by a low average Return on Equity (ROE) of 0.87% and declining net sales, contribute to the negative sentiment surrounding the stock.
In the broader market context, while the BSE500 has generated a return of 0.47% over the past year, IFCI's performance has been notably poor, highlighting its struggle to attract investor interest. The stock's recent performance contrasts with the benchmark, as it has shown a slight gain of 0.89% over the past week, while the Sensex has declined by 1.08%. The decrease in institutional investor participation, with a reduction of 0.57% in their stake, further underscores the challenges IFCI faces in regaining investor confidence. Overall, the combination of weak fundamentals, declining participation, and underperformance relative to the market has led to the current downward movement in IFCI's stock price.