Why is I R C T C falling/rising?

As of 24-Sep, Indian Railway Catering & Tourism Corporation Ltd (IRCTC) is experiencing a decline in its stock price, currently at 715.30, reflecting a decrease of 7.1 points or 0.98%. The stock has underperformed its sector by 1.2% today and has been on a downward trend for the last three days, accumulating a total loss of 2.83% during this period. Additionally, IRCTC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased significantly, falling by 31.91% compared to the 5-day average, suggesting reduced investor participation. Despite the company's strong long-term fundamentals, including a high return on equity and low debt-to-equity ratio, the stock's valuation appears expensive relative to its peers, contributing to its recent price decline.
In the broader market context, IRCTC's performance over the past week shows a decline of 2.13%, while the Sensex has only decreased by 1.18%, indicating that IRCTC is lagging behind the benchmark. Over the past year, the stock has generated a return of -21.54%, significantly underperforming the BSE500, which has only declined by 3.77%. This consistent underperformance, coupled with flat results in June and a high PEG ratio, raises concerns among investors, leading to a lack of confidence in the stock's future performance.