Why is I R C T C falling/rising?

As of 31-Jul, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at 726.20, reflecting a decrease of 10.0 points or 1.36%. The stock has underperformed its sector by 2.68% today and has fallen after two consecutive days of gains. Additionally, IRCTC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.05%, and it has shown a significant decline of 26.50% over the past year, indicating poor long-term growth despite a high management efficiency and low debt-to-equity ratio. The stock's valuation appears expensive with a Price to Book Value of 15.9, and while it has high institutional holdings, its recent performance has raised concerns among investors.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark Sensex, which has declined by only 1.22% over the same week. The stock's year-to-date performance is also concerning, with a drop of 7.69% compared to the Sensex's increase of 3.90%. This underperformance is compounded by flat results reported in March 2025 and a high PEG ratio of 4.2, suggesting that the stock may be overvalued relative to its earnings growth. Overall, the combination of poor recent performance, high valuation metrics, and underwhelming long-term growth prospects contributes to the stock's current downward trend.