Why is Indo Farm Equip. falling/rising?

As of 19-Aug, Indo Farm Equipment Ltd's stock price is currently at 203.85, reflecting an increase of 6.95 or 3.53%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 4.08% and reached an intraday high of Rs 208, marking a 5.64% increase. However, the stock has shown a negative return of -2.86% over the past week and -1.57% over the past month, while the benchmark Sensex has increased by 1.76% and decreased slightly by 0.14%, respectively. Despite these gains, the stock faces challenges such as weak long-term fundamental strength, with a low return on equity of 4.39% and poor growth in net sales and operating profit over the last five years. Additionally, the recent quarterly results showed a decline in profit after tax, and there has been a decrease in institutional investor participation, which may contribute to the stock's volatility.
In the broader market context, Indo Farm Equipment Ltd's short-term performance has lagged behind the benchmark, as evidenced by its negative returns compared to the Sensex's positive movement. The stock's recent rise may be attributed to a temporary rebound following a period of decline, but the overall weak fundamentals and falling institutional interest suggest that this upward movement may not be sustainable. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume indicates a potential lack of confidence among investors, which could further impact its performance in the near term.