Why is IRB Infra.Devl. falling/rising?

As of 11-Aug, IRB Infrastructure Developers Ltd is currently priced at 44.25, reflecting an increase of 0.71 or 1.63%. Despite this uptick, the stock has underperformed in the short term, with a 1-week return of -2.19% and a 1-month return of -7.08%. Today's performance indicates that the stock has outperformed its sector by 0.38%, but it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decline in investor participation, with delivery volume falling by 3.14% against the 5-day average. The company has reported positive financial results, including a significant growth in profit before tax and a high debtors turnover ratio, but it also faces challenges such as weak long-term growth and a high debt to EBITDA ratio, which contribute to its overall negative sentiment.
In the broader market context, while the Sensex has seen a slight decline of 0.51% over the past week, IRB Infrastructure's performance has been significantly worse, indicating a lack of investor confidence. The stock has underperformed the market over the past year, with a return of -28.61% compared to the BSE500's -1.85%. The high percentage of pledged promoter shares adds to the downward pressure in a falling market, further exacerbating the stock's challenges. Overall, despite a minor price increase today, the underlying factors suggest a continued struggle for the stock amidst broader market trends.