Why is I R C T C falling/rising?

As of 08-Sep, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a slight decline in its stock price, currently at Rs 712.95, reflecting a decrease of 1.1 points or 0.15%. The stock has traded within a narrow range today, indicating limited volatility, and its performance is in line with the sector. However, it is currently above its 5-day moving averages but below the 20-day, 50-day, 100-day, and 200-day moving averages. The stock has seen a significant drop in investor participation, with delivery volume falling by 39.71% compared to the 5-day average. Over the past year, IRCTC has underperformed significantly, with a return of -23.86%, while its profits have increased by 9.5%, leading to a high PEG ratio of 4.6, suggesting that the stock may be overvalued despite its strong long-term fundamentals.
In the broader market context, IRCTC's short-term return of +1.24% over the past week outperforms the benchmark Sensex, which has gained 0.53%. However, the stock's longer-term performance is concerning, as it has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -9.37% compared to the Sensex's +3.39%. The company's strong fundamentals, such as a high return on equity and low debt-to-equity ratio, are overshadowed by its flat results and expensive valuation metrics, which may deter investors. The high institutional holdings indicate confidence from larger investors, but the overall sentiment remains cautious due to the stock's recent performance and valuation concerns.