Why is I R C T C falling/rising?

As of 04-Aug, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a rise in its stock price, currently at 729.50, reflecting an increase of 10.3 or 1.43%. Today's price summary indicates that the stock has outperformed its sector by 0.31% and has gained after two consecutive days of decline. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a poor long-term growth outlook, with a return of -24.51% over the past year, the company maintains a high management efficiency with a return on equity (ROE) of 35.32% and a low debt-to-equity ratio, which may contribute positively to investor sentiment. Additionally, the stock has seen a significant increase in delivery volume, indicating rising investor participation.
In the broader market context, the stock's short-term performance has been slightly negative, with a 1-week return of -0.10%, while the benchmark Sensex has gained 0.16% in the same period. Over the past month, IRCTC has underperformed the benchmark, with a decline of 6.57% compared to the Sensex's drop of 2.89%. Despite these challenges, the stock's liquidity remains adequate for trading, and its substantial market capitalization positions it as the largest company in its sector, constituting 59.04% of the industry. However, the stock's valuation appears expensive relative to its peers, which may weigh on its long-term performance.