Why is I R F C falling/rising?

As of 05-Sep, Indian Railway Finance Corporation Ltd (IRFC) is experiencing a price increase, currently at 123.45, reflecting a rise of 1.75 or 1.44%. The stock has shown a positive performance today, outperforming its sector by 0.95%. In terms of recent returns, the stock has gained 4.53% over the past week, although it has declined by 3.78% over the last month and 17.15% year-to-date. Notably, the company reported positive results for June 25, with a profit before tax of Rs 1,742.83 crore and a profit after tax of Rs 1,745.69 crore, alongside a low debt-equity ratio of 7.44 times. However, despite these positive indicators, the stock has underperformed over the past year with a return of -28.85%, which may contribute to investor caution.
In the broader market context, while the benchmark Sensex has shown a modest gain of 1.13% over the past week, IRFC's performance has been significantly stronger in the short term. However, the stock's year-to-date decline of 17.15% starkly contrasts with the Sensex's gain of 3.29%, indicating a substantial underperformance over a longer horizon. Additionally, the low stake held by domestic mutual funds at only 1.83% suggests a lack of confidence in the stock's current valuation, which may further influence its price movements. Overall, while there are positive developments, the stock's historical underperformance and cautious sentiment from institutional investors may weigh on its future trajectory.