Why is Indo Farm Equip. falling/rising?

As of 22-Sep, Indo Farm Equipment Ltd's stock price is currently at Rs 261.10, reflecting an increase of Rs 2.4, or 0.93%. The stock has shown strong performance recently, with a 6.38% increase over the past week and a notable 15.53% rise over the past month, significantly outperforming the Sensex, which has only increased by 0.46% and 1.05% in the same periods, respectively. Today's trading saw the stock reach an intraday high of Rs 267.55, and it is currently trading above all its moving averages, indicating positive momentum. However, there are concerns regarding its long-term fundamentals, including a low return on equity of 4.39% and a decline in profit after tax in the latest quarter, which may weigh on investor sentiment.
Broader Market Context: The stock's recent performance is particularly impressive when compared to the benchmark, as it has outperformed the Sensex significantly in both the short-term and month-to-date returns. Despite this positive short-term trend, there are signs of caution, such as a decrease in institutional investor participation, which fell by 1.36% in the previous quarter. This decline suggests that more sophisticated investors may be losing confidence in the company's long-term growth potential, which could impact future stock performance. Overall, while the stock is currently rising, the mixed signals from its fundamentals and institutional interest may create volatility going forward.