Why is IFL Enterprises falling/rising?

As of 29-Aug, IFL Enterprises Ltd is experiencing a price increase, currently at 0.72, which reflects a change of 0.03 or 4.35% upward. Despite this positive movement today, the stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 62.17% compared to the 5-day average. Over the past week, the stock has outperformed its sector by 3.72%, but its year-to-date return remains negative at -25.77%. The company has reported outstanding financial results, including a net profit growth of 17100% and a significant increase in net sales, which may contribute to the recent price rise despite the overall negative performance over the past year.
In the broader market context, IFL Enterprises has shown a short-term return of +1.41% over the past week, contrasting with the Sensex, which has declined by 1.84% during the same period. This suggests that the stock is gaining traction relative to the market, even as it struggles with a year-to-date loss of -25.77% compared to the Sensex's gain of 2.14%. The attractive valuation of the stock, trading at a discount to its peers, alongside consistent positive financial results over the last five quarters, may be contributing factors to its recent price increase, despite the overall bearish trend in the longer term.