Why is I R F C falling/rising?

As of 18-Aug, Indian Railway Finance Corporation Ltd (IRFC) is experiencing a slight increase in its stock price, currently at 124.85, with a change of 0.35, representing a 0.28% rise. However, the stock has underperformed its sector by 1.97% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.54%, and it has shown a significant drop of 30.17% over the past year, despite a 3.5% increase in profits. The company has reported strong financial results, including the highest profit before tax and profit after tax for the quarter, along with a low debt-equity ratio, indicating a fair valuation. However, the low stake held by domestic mutual funds suggests a lack of confidence in the stock at its current price.
In the broader market context, the Sensex has gained 0.83% over the past week, while IRFC's performance has been negative, indicating a divergence from the market trend. The stock's year-to-date return is down 16.21%, contrasting sharply with the Sensex's positive return of 4.01%. This underperformance relative to the benchmark highlights investor concerns, particularly given that the stock's decline has been much steeper than the overall market's negative returns of 1.14% over the last year. The combination of strong financial results and poor market sentiment appears to be contributing to the stock's recent price movements.