Why is I R C T C falling/rising?

As of 22-Aug, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at 724.70, reflecting a decrease of 0.95 points or 0.13%. The stock has been underperforming recently, having fallen for two consecutive days with a total return of -0.89%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a slight decline of 0.06%, while it has significantly underperformed the benchmark Sensex over the past month and year, with returns of -4.74% and -22.84%, respectively. Despite its strong long-term fundamentals, including a high return on equity and low debt-to-equity ratio, the stock's expensive valuation and flat results in recent earnings reports have contributed to its downward movement.
In the broader market context, while the Sensex has gained 0.88% over the past week, IRCTC's performance has been lackluster, highlighting a divergence between the stock and the overall market. The stock's liquidity remains adequate, but a notable decline in delivery volume by 14.25% against the 5-day average suggests waning investor interest. Furthermore, despite high institutional holdings, which typically indicate confidence in the stock, the company's recent underperformance in both short-term and long-term returns compared to its peers has raised concerns among investors. This combination of factors is leading to a cautious sentiment surrounding IRCTC, contributing to its current price decline.