Why is I R F C falling/rising?

As of 13-Jun, Indian Railway Finance Corporation Ltd (IRFC) is experiencing a decline in its stock price, currently at Rs 138.20, reflecting a decrease of Rs 2.25 or 1.6%. The stock has underperformed its sector by 1.08% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.95%. It opened with a loss of 2.53% and reached an intraday low of Rs 136.25. Over the past week, IRFC has seen a return of -5.57%, while its performance over the last month shows a positive return of 10.78%. However, the stock has significantly underperformed over the past year, with a return of -21.10%. The company's return on equity (ROE) stands at 12.3, and it is trading at a premium compared to its peers, which may contribute to investor hesitation.
In the broader market context, the benchmark Sensex has declined by 1.30% over the past week, indicating that while IRFC is underperforming, the overall market is also facing challenges. Despite a year-to-date return of -7.25% for IRFC, the Sensex has gained 3.81% in the same period, highlighting the stock's significant underperformance relative to the market. The limited domestic mutual fund ownership of only 1.53% may suggest a lack of confidence in the stock's valuation or business prospects, further impacting its price movement. Overall, the combination of recent negative performance, investor sentiment, and market conditions contributes to the stock's current decline.