Why is I R F C falling/rising?

As of 04-Sep, Indian Railway Finance Corporation Ltd (IRFC) is experiencing a decline in its stock price, currently at 121.70, reflecting a decrease of 1.9 points or 1.54%. Today's price summary indicates that the stock has underperformed its sector by 1.95% and has fallen after three consecutive days of gains. In terms of returns, the stock has shown a 2.61% increase over the past week, but it has significantly underperformed over the longer term, with a 6.17% decline over the past month and an alarming 30.85% drop over the past year. Despite positive financial results reported on June 25, including the highest profit before tax and profit after tax, the stock's price is trading at a premium compared to its peers, which may contribute to investor hesitation.
Broader market context shows that while the BSE500 index generated a negative return of 4.38% over the last year, IRFC's decline was much steeper, highlighting its underperformance relative to the broader market. Additionally, domestic mutual funds hold only 1.83% of the company, suggesting a lack of confidence in the stock's current valuation. This limited institutional interest, combined with the stock's significant year-to-date decline of 18.32%, indicates that investors may be cautious about the company's future prospects despite its recent positive earnings report.