Why is Impex Ferro Tech falling/rising?

As of 22-Jul, Impex Ferro Tech Ltd's stock price is currently at 2.08, reflecting an increase of 0.03 or 1.46%. The stock has shown a positive trend today, outperforming its sector by 1.69% and reversing a decline after two consecutive days of falling prices. However, despite this short-term gain, the stock has experienced a significant decline over the past year, with a return of -39.18%. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Additionally, the stock has a poor growth trajectory, with net sales declining at an annual rate of -22.72% and operating profit plummeting by -190.42% over the last five years. The high debt levels, indicated by a significant debt-to-equity ratio, further contribute to its risk profile.
In the broader market context, the stock's short-term performance of +3.48% over the past week contrasts sharply with the benchmark Sensex, which has decreased by -0.47% during the same period. This indicates that while Impex Ferro Tech has managed to gain in the short term, it has consistently underperformed against the benchmark over the last three years. The stock's liquidity is adequate for trading, but the falling investor participation, evidenced by a -51.8% drop in delivery volume, suggests a lack of confidence among investors. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and long-term performance remain concerning.