Why is I R F C falling/rising?

As of 15-Sep, Indian Railway Finance Corporation Ltd (IRFC) is experiencing a rise in its stock price, currently at Rs 128.20, reflecting an increase of Rs 2.0 or 1.58%. The stock has shown positive momentum, gaining 2.15% over the last two days and outperforming its sector by 1.11% today. It reached an intraday high of Rs 130.35, which is a 3.29% increase. Despite a year-to-date decline of 13.96% and a one-year drop of 23.35%, the company reported strong financial results with the highest profit before tax and profit after tax in the latest quarter, alongside a low debt-equity ratio, which may contribute to a more favorable perception among investors.
In the broader market context, IRFC's short-term performance has outpaced the benchmark Sensex, which has risen by 1.24% over the past week compared to IRFC's 2.89% increase. However, the stock has underperformed over the last year, with a significant decline relative to the market's negative return of 1.33%. The relatively low stake held by domestic mutual funds, at only 1.83%, suggests a lack of confidence in the stock's valuation, which may be a concern for potential investors. Overall, while recent positive financial results and short-term gains are driving the stock's rise, the long-term performance and market sentiment remain mixed.