Why is IFGL Refractori. falling/rising?

As of 10-Jul, IFGL Refractories Ltd is currently priced at 556.25, reflecting a slight increase of 0.25 (0.04%). The stock has shown a positive trend over the last two days, gaining 1.88%, although it has underperformed its sector by 0.4% today. Over the past week, the stock has decreased by 1.08%, while it has performed well over the past month with a return of 9.93%. Despite this recent uptick, the company faces challenges, including negative results for the last five consecutive quarters and a significant decline in profits, which has contributed to a long-term growth outlook that appears poor. Additionally, the stock is trading at a premium compared to its peers, with a Price to Book Value of 1.8, indicating an expensive valuation.
In the broader market context, the stock has underperformed the benchmark, with a one-year return of -15.66% compared to the Sensex's gain of 4.09%. While the stock has shown strong performance over longer periods, such as a 100.60% increase over three years, its recent struggles and declining investor participation, evidenced by a 65.93% drop in delivery volume, suggest a lack of confidence among investors. The overall market sentiment appears to be cautious, as the stock has not kept pace with the broader market's performance, further contributing to its recent price movements.