Why is IRB Infra.Devl. falling/rising?

As of 07-Aug, IRB Infrastructure Developers Ltd is currently priced at 44.81, reflecting a slight increase of 0.1 or 0.22%. The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 49.37% compared to the 5-day average. Over the past year, the stock has underperformed the market with a return of -28.64%, while its profits have risen by 27.4%. Despite positive results in the latest six months, including a 41.41% growth in PAT, the company faces challenges such as weak long-term fundamental strength and a high Debt to EBITDA ratio of 5.18 times, which contribute to its overall negative sentiment.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.62% compared to the Sensex's -0.69%. However, over the longer term, IRB Infrastructure has significantly lagged behind, with a year-to-date return of -21.69% against the Sensex's positive return of 3.18%. This underperformance highlights the stock's struggles in a generally recovering market, further exacerbated by its weak long-term growth metrics and high valuation concerns.