Why is I R C T C falling/rising?

As of 19-Sep, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a slight increase in its stock price, currently at 736.10, reflecting a change of 0.55 (0.07%) upwards. The stock has been on a positive trajectory, gaining for the last nine days and achieving a total return of 3.25% during this period. However, it has underperformed its sector by 1.46% today. In terms of longer-term performance, the stock has shown a 1.93% increase over the past week and a 1.36% increase over the past month, although it has declined by 6.43% year-to-date and 16.71% over the past year. The company benefits from strong long-term fundamentals, including a high average Return on Equity (ROE) of 35.32% and a low Debt to Equity ratio, which contribute positively to investor sentiment.
Broader market context indicates that while IRCTC has outperformed the Sensex in the short term, it has lagged behind in the year-to-date and one-year comparisons, where the Sensex has gained 5.74% and declined only 0.67%, respectively. Despite this, the stock's liquidity remains healthy, with a delivery volume increase of 14.06% against the five-day average, indicating rising investor participation. Additionally, high institutional holdings at 21.43% suggest that knowledgeable investors are backing the stock, which may provide further stability and confidence in its future performance.