Why is IL&FS Inv.Manag. falling/rising?

As of 10-Sep, IL&FS Investment Managers Ltd's stock price is currently at 8.80, reflecting an increase of 0.2, or 2.33%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 1.41%. Despite this positive movement, the stock has shown mixed performance in the past week, with a slight decline of -0.11%, while it has gained 4.39% over the past month. The company recently reported strong quarterly results, with significant growth in profit before tax and net profit, alongside a very attractive valuation compared to its peers. However, the stock's long-term fundamentals remain weak due to operating losses and a negative growth rate in net sales, compounded by the fact that 100% of promoter shares are pledged, which could exert downward pressure in a falling market.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.06% over the past week. While IL&FS has outperformed the sector today, its year-to-date return is notably poor at -20.00%, compared to the Sensex's gain of 4.21%. This underperformance over the longer term, alongside the pledged shares and weak growth prospects, suggests that while there may be short-term gains, the overall sentiment remains cautious due to the company's fundamental challenges.