Why is I R C T C falling/rising?

As of 08-Aug, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at 718.65, reflecting a decrease of 8.5 points or 1.17%. The stock has underperformed its sector by 0.76% today and has been on a downward trend for the last two days, accumulating a total loss of 1.48%. Over the past month, the stock has decreased by 8.49%, while its year-to-date performance shows a decline of 8.65%. Despite having a high return on equity (ROE) of 35.32% and a low debt-to-equity ratio, the company has faced poor long-term growth, with operating profit growing at an annual rate of only 19.16% over the last five years. Additionally, the stock's valuation appears expensive with a price-to-book value of 15.7, and it has generated a return of -22.47% over the past year, indicating a challenging environment for investors.
In the broader market context, the stock's short-term performance has been relatively weak compared to the benchmark Sensex, which has seen a decline of 0.92% over the past week. While IRCTC has shown a slight positive return of 0.07% in the same timeframe, its overall performance remains below par, particularly in the long term, where it has underperformed the BSE500 index over the last three years, one year, and three months. The declining investor participation, evidenced by a 9.89% drop in delivery volume compared to the five-day average, further highlights the challenges the stock faces in attracting and retaining investor interest.