Why is I R C T C falling/rising?

As of 05-Sep, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a price increase, currently at 714.05, reflecting a rise of 3.05 (0.43%). The stock's performance today is in line with the sector, although it is trading higher than its 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive movement, there is a notable decline in investor participation, with delivery volume falling by 38.78% against the 5-day average. Over the past week, the stock has shown a return of +3.23%, contrasting with a -1.64% return over the past month and a significant -24.45% return over the past year. The company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 35.32% and a low Debt to Equity ratio, which may support its current price increase.
In the broader market context, IRCTC's recent short-term performance of +3.23% over the past week outpaces the Sensex, which has only gained +1.13% in the same period. However, the stock has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -9.23% compared to the Sensex's +3.29%. Despite its strong institutional holdings at 21.43% and being the largest company in its sector, the stock's valuation remains high, with a Price to Book Value of 15.6, which may deter some investors. The flat results reported in June and the stock's significant underperformance over the last year, despite profit growth, suggest that while there may be short-term gains, long-term concerns remain.