Why is Indergiri Fin. falling/rising?

As of 20-Jun, Indergiri Finance Ltd is experiencing a price increase, currently at Rs 26.36, reflecting a rise of 1.25 or 4.98%. The stock has shown significant positive momentum, gaining for the last 12 consecutive days and achieving a remarkable 79.08% return during this period. It opened with a gain of 4.98% today and reached an intraday high of Rs 26.36. However, despite this short-term performance, the stock has weak long-term fundamentals, having not declared results in the last six months and showing a decline in operating profit at an annual rate of -10.32%. Additionally, the stock has underperformed over the past year, with a return of -47.46% compared to the broader market's positive performance.
In the broader market context, Indergiri Finance Ltd has outperformed its sector by 3.41% today, while the benchmark Sensex has only increased by 1.59% over the past week. The stock's short-term return of +27.47% over the last week and +49.35% over the last month contrasts sharply with its long-term struggles, as indicated by its significant underperformance in the past year. This juxtaposition highlights the stock's current volatility and speculative nature, as it is trading at risky levels compared to its historical valuations, which may deter long-term investors despite the recent price rise.