Why is IFCI falling/rising?

As of 11-Aug, IFCI Ltd. is currently priced at 53.21, reflecting an increase of 0.24 or 0.45%. The stock has recently experienced a trend reversal, gaining after five consecutive days of decline. However, it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating ongoing weakness. Over the past week, the stock has fallen by 7.56%, and it has underperformed significantly over the last month and year, with declines of 12.27% and 24.76%, respectively. Positive factors include a higher profit after tax of Rs 269.01 crore and a low debt-equity ratio of 0.43 times, alongside a strong cash position of Rs 5,515.36 crore. However, the stock's long-term fundamentals are weak, with an average return on equity of only 0.87% and declining net sales and operating profit. Additionally, institutional investor participation has decreased, which may further pressure the stock.
In the broader market context, IFCI's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.51% over the past week. While the market has shown some resilience, IFCI's substantial drop of 7.56% indicates a lack of investor confidence, particularly as institutional investors have reduced their stakes. This trend of falling participation, coupled with the stock's poor long-term growth prospects and high valuation relative to peers, suggests that IFCI is struggling to attract investment, leading to its underperformance compared to the broader market.