Why is IFCI falling/rising?

As of 28-Aug, IFCI Ltd. is experiencing a decline in its stock price, currently at 51.59, which reflects a decrease of 0.4 or 0.77%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a 5.81% drop over the past week and an 11.36% decline over the past month. Additionally, the stock is trading below its moving averages across various time frames, indicating weak momentum. Despite reporting positive results in June, including a significant growth in profit after tax and a low debt-equity ratio, the company faces challenges such as poor long-term growth in net sales and a low return on equity, which contribute to its weak fundamental strength.
In the broader market context, IFCI's performance has significantly underperformed compared to the benchmark, with a one-year return of -32.78% against the BSE500's -5.01%. This stark contrast highlights the stock's struggles despite the overall market's relatively modest decline. Furthermore, there has been a noticeable decrease in institutional investor participation, which may signal a lack of confidence in the stock's future prospects. The combination of these factors suggests that while there may be some positive indicators, the overall sentiment surrounding IFCI remains negative, contributing to its falling stock price.