Why is IRB Infra.Devl. falling/rising?

As of 13-Aug, IRB Infrastructure Developers Ltd is currently priced at 44.79, reflecting a slight increase of 0.08, or 0.18%. The stock has been gaining over the last three days, with a total return of 2.87% during this period. However, it has underperformed its sector by 0.69% today. Despite being higher than its 5-day moving average, the stock remains lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has significantly underperformed, with a return of -28.87%, while its profits have increased by 27.4%. The company's weak long-term fundamentals, indicated by a low Return on Capital Employed (ROCE) of 7.88% and a high Debt to EBITDA ratio of 5.18 times, contribute to a negative outlook, despite recent positive financial results.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, as it gained 0.18% over the past week while the Sensex saw a minimal decline of 0.01%. However, the stock's long-term performance is concerning, with a year-to-date decline of 21.72% compared to the Sensex's increase of 3.07%. The high percentage of pledged promoter shares (55.47%) adds further pressure on the stock, particularly in a falling market. Overall, while there are some recent gains, the stock's long-term weaknesses and underperformance relative to the market suggest a cautious outlook.