Why is Impex Ferro Tech falling/rising?

As of 10-Jul, Impex Ferro Tech Ltd's stock price is currently at 2.10, reflecting an increase of 0.04 or 1.94%. Despite this uptick, the stock has shown a significant decline over the past year, with a return of -43.55%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, although it is still trading below all key moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 90.94% compared to the five-day average. The company has not declared results in the last six months, and its long-term fundamentals appear weak, with net sales declining at an annual rate of -22.72% and a high debt-to-equity ratio, contributing to a perception of risk among investors.
In the broader market context, the stock has underperformed the benchmark, with a one-week return of -6.67% compared to a negligible decline of -0.06% for the Sensex. While the stock has outperformed its sector by 1.34% today, its year-to-date performance remains concerning, with a decline of -28.57% against the Sensex's gain of 6.46%. This consistent underperformance over the past three years, coupled with a lack of recent financial results and poor growth metrics, suggests that the stock's recent rise may not be sustainable in the face of ongoing fundamental weaknesses.