Why is IRB Infra.Devl. falling/rising?

As of 08-Aug, IRB Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at Rs 43.54, which reflects a decrease of Rs 1.27 or 2.83%. The stock has underperformed its sector by 1.52% today and reached an intraday low of Rs 43.43, marking a drop of 3.08%. Over the past week, the stock has decreased by 1.85%, and it has shown a significant decline of 11.92% over the past month. Despite a rise in investor participation, with delivery volume increasing by 42.15% against the 5-day average, the stock is trading below all key moving averages, indicating bearish momentum. The company's long-term fundamentals are weak, with a low average Return on Capital Employed (ROCE) of 7.88% and a high Debt to EBITDA ratio of 5.18 times, which raises concerns about its ability to service debt and sustain growth.
In the broader market context, the stock has significantly underperformed compared to the benchmark Sensex, which has only declined by 0.92% over the past week and 4.60% over the past month. Over the last year, while the stock has plummeted by 31.67%, the Sensex has managed a slight gain of 1.23%. This stark contrast highlights the stock's struggles relative to the market, further compounded by its poor long-term growth metrics, such as a mere 2.13% annual growth in net sales over the last five years. Although the company reported positive results in terms of profit growth, the overall negative sentiment and weak fundamentals have led to a strong sell recommendation, contributing to the stock's current downward trajectory.