Why is I T D C falling/rising?

As of 18-Sep, India Tourism Development Corporation Ltd is experiencing a decline in its stock price, currently at 628.40, which reflects a decrease of 1.6 points or 0.25%. The stock has underperformed its sector by 0.37% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 1.54%. Over the past week, the stock has dropped by 6.20%, contrasting with the Sensex's increase of 1.80%. Although the stock has shown a positive return of 15.94% over the past month, its year-to-date performance is modest at 1.48%, and it has seen a significant decline of 8.46% over the past year. The company has a low debt-to-equity ratio, indicating financial stability, but recent financial results show a drop in profit after tax and low cash reserves, which may contribute to investor concerns.
In the broader market context, the stock's recent performance has been notably weaker compared to the Sensex, particularly in the short term, where it has underperformed significantly. The falling investor participation, highlighted by an 84.94% drop in delivery volume, suggests a lack of confidence among traders. Additionally, domestic mutual funds holding 0% of the company may indicate a lack of comfort with the stock's current valuation, despite its long-term growth potential. The stock's high price-to-book value and elevated PEG ratio further complicate its attractiveness, as it trades at a discount compared to peers, yet still reflects a very expensive valuation.