Why is IRB Infra.Devl. falling/rising?

As of 20-Aug, IRB Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at 44.57, reflecting a decrease of 0.56 or 1.24%. The stock has underperformed its sector by 0.96% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 0.49%, and it has seen a significant decline of 22.11% year-to-date and 31.13% over the past year. Despite the company declaring positive results for the last three consecutive quarters, including a 26.86% growth in PAT and a high debtors turnover ratio, the stock is pressured by weak long-term fundamentals, including a low return on capital employed and a high debt to EBITDA ratio. Additionally, 55.47% of promoter shares are pledged, which can exert further downward pressure in a falling market.
In the broader market context, while the Sensex has gained 1.64% over the past week and 4.76% year-to-date, IRB Infrastructure has significantly lagged behind, indicating a stark contrast between the stock's performance and that of the benchmark. The stock's negative returns over the past year, coupled with a broader market that has only slightly declined, highlight its underperformance. This disparity suggests that investor sentiment towards IRB Infrastructure is weak, exacerbated by falling investor participation and liquidity concerns, as evidenced by a 24.23% drop in delivery volume compared to the 5-day average.