Why is I R C T C falling/rising?

As of 18-Aug, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at 722.10, reflecting a decrease of 3.0 points or 0.41%. The stock has underperformed its sector by 3.41% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 0.75% during this period. Over the past week, IRCTC has shown a slight decline of 0.19%, while its performance over the last month has been significantly worse, with a decrease of 5.66%. The stock's long-term performance is also concerning, having fallen 21.92% over the past year, despite a 9.5% increase in profits, indicating a very expensive valuation with a Price to Book Value of 15.8. The company maintains strong fundamentals with a high Return on Equity (ROE) of 35.32% and low debt levels, but its recent flat results and underperformance compared to peers have negatively impacted investor sentiment.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.83% over the past week and 4.01% year-to-date. While the travel services sector has gained 3%, IRCTC's stock has not followed suit, indicating a lack of investor confidence despite its significant market presence and institutional holdings. The rising delivery volume suggests increased investor participation, yet the overall liquidity and trading dynamics do not seem to favor IRCTC at this time. The combination of flat quarterly results, high valuation metrics, and underperformance relative to both the sector and broader market indices contributes to the stock's current downward trajectory.