Why is I T D C falling/rising?

As of 14-Aug, India Tourism Development Corporation Ltd is experiencing a decline in its stock price, currently at 537.90, which reflects a decrease of 3.45 or 0.64%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total drop of 4.6%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown a significant decline over various periods, with a 1-month return of -9.77% and a year-to-date return of -13.14%. Despite a healthy long-term growth rate in operating profit, the company has reported flat results for the quarter ending June 25, with a notable decrease in profit after tax and low cash reserves, contributing to the negative sentiment surrounding the stock.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a 1-year return of -24.04% against the Sensex's positive return of 1.89%. This stark contrast highlights investor concerns, particularly as domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation and business prospects. The company's high price-to-book ratio and the reliance on non-operating income further exacerbate these concerns, leading to a cautious outlook among investors. Overall, the combination of poor recent performance, negative financial indicators, and weak market sentiment has contributed to the stock's decline.