Why is Indo Farm Equip. falling/rising?

As of 17-Jul, Indo Farm Equipment Ltd's stock price is rising, currently at Rs 207.45, reflecting an increase of 9.85 (4.98%). The stock has shown strong performance, gaining 16.19% over the last three days and outperforming its sector by 3.63% today. It opened with a gain of 4.98% and reached an intraday high of Rs 207.45. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of +13.39% and +16.45%, respectively. However, it is important to note that the company has a low Return on Equity (ROE) of 4.39%, indicating low profitability, and has experienced poor long-term growth with net sales increasing at an annual rate of only 2.90%.
In the broader market context, while Indo Farm Equipment Ltd has shown significant short-term gains, the Sensex has declined by 1.12% over the past week and increased by only 0.83% over the past month. This indicates that the stock is performing well relative to the overall market. However, there are concerns regarding falling participation from institutional investors, who have reduced their stake by 1.36%, suggesting a lack of confidence in the company's long-term prospects. Despite the positive short-term performance, the company's low management efficiency and flat results projected for September 2024 could pose challenges for sustained growth.