Why is I R C T C falling/rising?

As of 28-Jul, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at Rs 730.25, which reflects a decrease of Rs 16.0 or 2.14%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 4.15%. Additionally, it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 5.24%, and it has also shown a significant drop of 25.79% over the past year, while its operating profit growth has been relatively modest at an annual rate of 19.16% over the last five years. Despite high management efficiency and a low debt-to-equity ratio, the stock's valuation appears expensive, contributing to its poor performance.
In the broader market context, IRCTC's short-term performance has lagged behind the benchmark Sensex, which has only declined by 1.59% over the same week. The stock's recent struggles are compounded by flat results reported in March 2025 and a high PEG ratio of 4.3, indicating that the stock may be overvalued relative to its earnings growth. While there has been a notable increase in investor participation, as evidenced by a 111.67% rise in delivery volume, the overall sentiment remains negative due to the stock's underperformance against both the BSE500 and its peers in the long term.