Why is IFGL Refractori. falling/rising?

As of 09-Jul, IFGL Refractories Ltd's stock price is rising, currently at Rs 556.00, reflecting a change of Rs 10.0 or 1.83% upward. The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 0.44%. The stock reached an intraday high of Rs 565, indicating strong intraday performance. Over the past week, IFGL Refractories has returned +6.86%, significantly outperforming the Sensex, which only returned +0.15%. However, despite this recent uptick, the company has faced challenges, including a decline in delivery volume by 12.35% against the 5-day average and a history of negative results over the last five quarters, which has contributed to a poor long-term growth outlook.
Broader Market Context: In the context of the broader market, IFGL Refractories has underperformed over the past year, generating a return of -16.02% compared to the Sensex's +3.96%. While the stock has shown positive short-term performance, its long-term growth prospects are hindered by low sales growth and declining profits, leading to an expensive valuation relative to its peers. The stock's liquidity remains adequate for trading, but the falling investor participation may indicate caution among investors. Overall, while the recent price increase reflects short-term optimism, the underlying financial challenges suggest a complex outlook for the stock moving forward.