Why is IFGL Refractori. falling/rising?

As of 03-Jul, IFGL Refractories Ltd is experiencing a price increase, currently at 562.35, which reflects a rise of 42.05 or 8.08%. The stock has opened with a gain of 3.21% today and reached an intraday high of Rs 569, indicating strong performance. Over the past week, the stock has outperformed the sector by 6.26% and has shown significant returns, with a 12.67% increase over the last week and a 22.53% increase year-to-date. However, despite these positive short-term movements, the company has faced challenges, including negative results for the last five consecutive quarters and a decline in profits, which may weigh on investor sentiment.
Broader Market Context: In comparison to the benchmark, the Sensex has shown a decline of 0.62% over the past week, while IFGL Refractories has significantly outperformed this trend. Despite the recent positive price movement, the stock has underperformed over the last year, generating a return of -14.24% compared to the Sensex's 4.07%. The company's low debt-to-equity ratio and rising investor participation, indicated by an increase in delivery volume, suggest some positive investor sentiment. However, the long-term growth concerns and the stock's premium valuation compared to peers may continue to create volatility in its performance.