Why is IFGL Refractori. falling/rising?

As of 24-Sep, IFGL Refractories Ltd is experiencing a rise in its stock price, currently at 264.40, reflecting an increase of 8.9 or 3.48%. The stock has shown strong performance today, outperforming its sector by 4.42%, and has gained 9.44% over the last two days. Despite opening with a loss of 4.46%, it reached an intraday high of Rs 279.2. Over the past week, the stock has increased by 8.74%, while its year-to-date return stands at 15.22%. However, the company has faced challenges, including negative results for the last six consecutive quarters, with significant declines in profit before tax and profit after tax. Additionally, while the company has a low debt-to-equity ratio, its long-term growth has been poor, with net sales and operating profit growing at rates of 14.35% and 3.10%, respectively, over the last five years.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a decline of 1.18% over the past week, IFGL Refractories Ltd's performance is notably stronger. The stock's ability to rise despite broader market challenges indicates a positive sentiment among investors, likely driven by recent trading activity and increased participation, as evidenced by a significant rise in delivery volume. However, the stock's long-term outlook remains concerning due to its declining profits and high valuation compared to peers, which may temper investor enthusiasm moving forward.