Why is I R F C falling/rising?

As of 04-Aug, Indian Railway Finance Corporation Ltd (IRFC) is experiencing a price increase, currently at Rs 129.70, reflecting a rise of Rs 2.81 or 2.21%. Today's price summary indicates that the stock has outperformed its sector by 0.59% and has shown a trend reversal after three consecutive days of decline, reaching an intraday high of Rs 130. However, despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, IRFC has underperformed significantly with a return of -32.55%, despite a 3.5% increase in profits, and it is trading at a premium compared to its peers. The low domestic mutual fund ownership of 1.83% may indicate a lack of confidence in the stock's current valuation.
In the broader market context, the stock's short-term performance shows a decline of -0.99% over the past week, while the benchmark Sensex has gained 0.16%. Over the last month, IRFC has fallen by 6.86%, contrasting with the Sensex's decline of 2.89%. This underperformance highlights investor concerns, especially given that the stock has significantly lagged behind the market over the past year. Despite the recent positive results and rising investor participation, the overall sentiment remains cautious due to the stock's historical performance and low mutual fund interest.