Why is I R C T C falling/rising?

As of 11-Aug, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a price increase, currently at 723.50, reflecting a change of 4.85 or 0.67% upward. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally bearish trend. The stock has underperformed the benchmark Sensex over the past week and month, with returns of -0.82% and -6.55%, respectively. Despite this, the company boasts high management efficiency with a return on equity (ROE) of 35.32% and a low debt-to-equity ratio, which may provide some support for its stock price.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a smaller decline of -0.51% over the past week. While IRCTC has high institutional holdings at 21.43%, indicating confidence from larger investors, its long-term growth prospects appear poor, with a significant drop of -21.95% over the past year. The company's operating profit growth rate of 19.16% over the last five years, coupled with a high price-to-book value ratio of 15.8, suggests that the stock may be overvalued compared to its peers. This combination of factors contributes to a complex picture where short-term gains may not reflect the stock's overall health in the market.