Why is I R C T C falling/rising?

As of 09-Sep, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a slight increase in its stock price, currently at 713.00, reflecting a change of 0.05 or 0.01% upward. Today's performance indicates that the stock has outperformed its sector by 0.87%. However, it is important to note that while the stock is higher than its 5-day moving averages, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 41.14% compared to the 5-day average. Despite strong long-term fundamentals, including a high return on equity (ROE) of 35.32% and a low debt-to-equity ratio, the stock has underperformed against the benchmark over the past year, generating a return of -23.12%.
In the broader market context, the stock's short-term return of +0.17% over the past week is notably lower than the Sensex's return of +1.18% during the same period. This consistent underperformance against the benchmark, coupled with a very expensive valuation indicated by a price-to-book ratio of 15.6, raises concerns among investors. Furthermore, while institutional holdings are high at 21.43%, suggesting confidence from larger investors, the stock's flat results in June and a high PEG ratio of 4.6 indicate potential overvaluation. Overall, despite some positive indicators, the stock's recent movements reflect a complex interplay of strong fundamentals and concerning valuation metrics, contributing to its mixed performance in the market.