Why is IFCI falling/rising?

As of 23-Jul, IFCI Ltd. is experiencing a price increase, with its current price at Rs 61.87, reflecting a rise of 1.63 or 2.71%. The stock has shown a trend reversal, gaining after five consecutive days of decline, and it outperformed its sector by 2.17% today. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -0.74% compared to the Sensex's slight gain of 0.11%. Key financial indicators show that while the company has reported significant growth in profit before tax and profit after tax, it also faces challenges such as a low return on equity and declining net sales over the long term, which contribute to a perception of weak fundamental strength.
Broader market context indicates that while IFCI has shown some recovery today, it has significantly underperformed the market over the past year, with a return of -11.61% compared to the Sensex's gain of 2.86%. Institutional investor participation has also declined, which may reflect a lack of confidence in the stock's long-term prospects. The stock's valuation appears expensive relative to its peers, further complicating its appeal to investors. Overall, while there are some positive short-term movements, the broader context suggests ongoing concerns about the company's long-term viability and market performance.