Why is I R C T C falling/rising?

As of 01-Sep, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a price increase, currently at 704.25, reflecting a rise of 12.55 or 1.81%. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline, outperforming its sector by 2.07%. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting ongoing weakness. Over the past week, the stock has declined by 2.44%, and it has underperformed the benchmark Sensex, which fell by 1.56%. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 27.62% compared to the 5-day average. Despite these challenges, the company maintains strong long-term fundamentals, with a high return on equity of 35.32% and a low debt-to-equity ratio, which may support its price recovery.
Broader Market Context: The stock's performance over the past month shows a decline of 1.94%, while the Sensex has only decreased by 0.29%, indicating a relative underperformance. Over the last year, IRCTC has generated a return of -24.47%, significantly lagging behind the benchmark's -2.43% return, highlighting its consistent underperformance against broader market trends. Despite being the largest company in its sector and having strong institutional holdings, the stock's high valuation and flat results in June have raised concerns among investors. This combination of factors suggests that while there may be short-term gains, the stock's long-term outlook remains uncertain amidst its historical underperformance.