Why is I R C T C falling/rising?

As of 28-Aug, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at Rs 700.10, reflecting a decrease of Rs 16.55 or 2.31%. The stock has been underperforming, having fallen consecutively for the last five days with a total decline of 4.25% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a strong long-term fundamental strength characterized by a high average Return on Equity (ROE) of 35.32% and low debt levels, the stock's valuation appears expensive with a Price to Book Value of 15.3. Additionally, the stock has generated a negative return of 24.47% over the past year, despite a profit increase of 9.5%, leading to a high PEG ratio of 4.5, which may deter investors.
In the broader market context, IRCTC's recent performance has been weaker than the benchmark, with a 1-week return of -3.52% compared to the Sensex's -2.34%. This consistent underperformance against the benchmark over the last three years, coupled with flat results reported in June, suggests a lack of investor confidence. Although there has been a notable increase in delivery volume, indicating rising investor participation, the overall sentiment remains cautious due to the stock's historical underperformance and high valuation metrics.