Why is I R F C falling/rising?

As of 01-Sep, Indian Railway Finance Corporation Ltd (IRFC) is experiencing a price increase, currently at Rs 120.50, reflecting a rise of Rs 2.4 or 2.03%. Today's performance indicates a trend reversal as the stock has gained after seven consecutive days of decline. It outperformed its sector by 0.42% and reached an intraday high of Rs 120.8. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant year-to-date decline of 19.13% and a one-year drop of 32.55%, the company reported positive results for the quarter ending June 25, with the highest profit before tax and profit after tax recorded. The low debt-equity ratio and fair valuation based on its price-to-book value suggest some underlying strength, although the stock's performance has been poor compared to its peers.
In the broader market context, IRFC's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 1.56% over the past week and 0.29% over the past month. The stock's significant underperformance over the last year, with a return of -32.55% compared to the market's -4.75%, raises concerns about investor confidence, particularly as domestic mutual funds hold only a small stake of 1.83%. This low participation may indicate a lack of comfort with the stock's current price or business fundamentals. Overall, while there are some positive indicators, the stock's historical underperformance and low institutional interest contribute to a cautious outlook.