Why is IFCI falling/rising?

As of 18-Jul, IFCI Ltd. is currently priced at 61.20, reflecting a decrease of 0.88, or 1.42%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.81%. In terms of returns, the stock has shown a modest increase of 0.91% over the past week and 2.12% over the past month, but it has significantly underperformed in the long term, with a year-to-date decline of 1.66% and a one-year drop of 14.32%. The company has a low debt-equity ratio of 0.43, high cash reserves of Rs 5,515.36 crore, and a strong quarterly PBDIT of Rs 493.19 crore. However, it faces challenges such as weak long-term growth, a low average return on equity of 0.87%, and a high price-to-book value ratio of 1.9, indicating that the stock may be overvalued compared to its peers.
In the broader market context, while the BSE500 index has experienced a slight decline of 0.36% over the past year, IFCI's performance has been notably worse, with a drop of 14.32%. This significant underperformance has contributed to a decrease in institutional investor participation, which has fallen by 0.57% in the last quarter, suggesting a lack of confidence among more knowledgeable investors. Additionally, the stock's liquidity appears adequate for trading, but the recent drop in delivery volume by 60.05% against the five-day average indicates waning investor interest. Overall, these factors suggest that IFCI's recent price decline is influenced by both its internal financial challenges and a broader market sentiment that is not favorable for the stock.