Why is IFCI falling/rising?

As of 11-Sep, IFCI Ltd. is experiencing a price increase, currently at 53.97, reflecting a change of 0.45 or 0.84% upward. The stock has shown a positive performance today, outperforming its sector by 0.95%, and has gained consecutively over the last two days with a total return of 1.96%. In terms of returns, the stock has increased by 3.39% over the past week and 1.43% over the past month, although it has a year-to-date decline of 13.27% and a significant drop of 23.12% over the past year. Positive factors contributing to the recent rise include a low debt-equity ratio of 0.43 times, a higher profit after tax of Rs 238.35 Cr, and substantial cash reserves of Rs 5,515.36 Cr. However, the stock faces challenges due to weak long-term fundamentals, reflected in an average return on equity of 0.87% and a negative annual growth rate in net sales of -7.87%.
In the broader market context, while the stock has outperformed the Sensex in the short term, with a weekly return of 3.39% compared to the benchmark's 1.03%, it has significantly underperformed over the past year, with a decline of 23.12% against the Sensex's marginal increase of 0.03%. Additionally, there has been a decrease in institutional investor participation, which may indicate a lack of confidence in the stock's long-term prospects, as these investors have reduced their stake by 0.57% in the last quarter. This combination of short-term gains amidst long-term concerns creates a complex picture for IFCI Ltd., highlighting both its recent positive momentum and the underlying challenges it faces.