Why is I R F C falling/rising?

As of 23-Sep, Indian Railway Finance Corporation Ltd's stock price is currently at 127.30, reflecting a decrease of 1.25, or 0.97%. The stock has underperformed its sector today by 1.3% and has experienced a consecutive decline over the last two days, totaling a drop of 1.85%. In terms of returns, the stock has fallen by 1.28% over the past week and 20.21% over the past year, significantly underperforming the benchmark Sensex, which has only declined by 3.33% during the same period. While the company reported positive results in June, including the highest profit before tax and profit after tax for the quarter, the stock's performance has been hindered by a low domestic mutual fund ownership of only 1.83%, indicating a lack of confidence among institutional investors.
Broader Market Context: The stock's recent performance contrasts with the broader market, as the Sensex has shown a positive return of 5.07% year-to-date, while IRFC has seen a decline of 14.56% in the same timeframe. This disparity highlights the stock's struggle to attract investor interest despite its fair valuation and rising profits. The overall market sentiment appears to be more favorable compared to the stock, which has not only underperformed the market but also the BSE500 index, which recorded a negative return of 4.69% over the last year. This context suggests that while there are some positive indicators for the company, the prevailing market conditions and investor sentiment are contributing to the stock's downward trajectory.