Why is I R C T C falling/rising?

As of 12-Aug, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at 720.65, reflecting a decrease of 2.85 points or 0.39%. The stock has underperformed its sector by 2.83% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a return of -0.73%, which is worse than the Sensex's decline of -0.59%. Additionally, the stock has shown poor performance over the last month and year, with returns of -6.92% and -22.04%, respectively. Despite having a high management efficiency with a return on equity (ROE) of 35.32% and a low debt-to-equity ratio, the stock's valuation appears expensive, contributing to its recent downward trend.
Broader Market Context: In the context of the broader market, IRCTC's recent performance contrasts sharply with the travel services sector, which has gained 2.44%. The stock's decline is further exacerbated by a significant drop in investor participation, with delivery volume falling by 32.22% against the 5-day average. While IRCTC holds a dominant position in its sector, constituting 59.38% of it, the company's flat operating profit growth and poor long-term performance have led to a negative sentiment among investors. This is reflected in its underperformance compared to the BSE500 over the last three years, one year, and three months, indicating a challenging environment for the stock despite its market leadership.