Why is IRB Infra.Devl. falling/rising?

As of 31-Jul, IRB Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at 45.09, reflecting a decrease of 0.93 or 2.02%. The stock has underperformed its sector by 1.9% today and has been on a downward trend for the last two days, accumulating a total decline of 3.22%. Over the past week, the stock has fallen by 4.87%, and on a year-to-date basis, it has decreased by 21.20%. Despite some positive financial indicators, such as a significant growth in profit after tax and a high debtor turnover ratio, the company faces challenges with weak long-term fundamentals, including a low return on capital employed and a high debt-to-EBITDA ratio, which contribute to its negative performance.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.22% over the past week and has shown a positive return of 3.90% year-to-date. This indicates that while the overall market is experiencing a downturn, IRB Infrastructure Developers Ltd is facing a more severe decline, suggesting specific issues within the company that are not affecting the broader market. The stock's significant underperformance over the past year, with a return of -32.06% compared to the market's -3.20%, further emphasizes the challenges it faces in regaining investor confidence.