Why is I R C T C falling/rising?

As of 07-Aug, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at 727.15, reflecting a decrease of 2.3 points or 0.32%. The stock has underperformed its sector by 2.45% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a slight increase of 0.13%, but it has significantly underperformed over the longer term, with a 7.31% decline in the last month and a substantial 21.90% drop over the past year. Despite having a high return on equity (ROE) of 35.32% and low debt levels, the company faces challenges with poor long-term growth and a high price-to-book value ratio, which may deter investors.
In the broader market context, the Sensex has declined by 0.69% over the past week, indicating a slightly negative trend in the market overall. However, IRCTC's performance is notably worse than the benchmark, particularly in the long term, where it has underperformed the BSE500 over the last three years, one year, and three months. The travel services sector has gained by 2.13%, highlighting that IRCTC's struggles are not reflective of the sector's overall health. The falling investor participation, as evidenced by a 10.69% decrease in delivery volume, further suggests a lack of confidence in the stock, contributing to its recent price decline.