Why is Impex Ferro Tech falling/rising?

As of 15-Jul, Impex Ferro Tech Ltd's stock price is currently at 2.01, reflecting an increase of 0.04 or 2.03%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it has outperformed its sector by 0.85%. However, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 6.51%, and it has significantly underperformed over longer periods, with a year-to-date decline of 31.63% and a staggering 44.32% drop over the past year. The company's weak long-term fundamentals, including a lack of declared results in the last six months and a high debt-to-equity ratio, contribute to its negative outlook. Additionally, the company's net sales and operating profit have seen substantial declines, further impacting investor confidence.
In the broader market context, while Impex Ferro Tech's recent performance has shown a slight uptick, it remains significantly behind the benchmark, which has gained 1.79% over the past month. The stock's performance is particularly concerning given its consistent underperformance against the BSE500 over the last three years, where it has generated negative returns while the benchmark has seen positive growth. This stark contrast highlights the challenges faced by Impex Ferro Tech, as it struggles with poor long-term growth prospects and a risky trading profile, making it less attractive to investors compared to the overall market.