Why is IRB Infra.Devl. falling/rising?

As of 21-Aug, IRB Infrastructure Developers Ltd is currently priced at 44.59, reflecting a slight increase of 0.02 (0.04%). The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Despite a recent rise in investor participation, with delivery volume increasing by 33.52% against the 5-day average, the stock has underperformed significantly over various periods, including a 1-week decline of 1.81% and a year-to-date drop of 22.07%. While the company has reported positive results for the last three consecutive quarters, including a 26.86% growth in profit after tax, its long-term fundamentals remain weak, with a low return on capital employed and high debt levels, which contribute to a negative outlook.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has gained 1.74% over the past week, while IRB Infrastructure has seen a decline. This stark contrast highlights the stock's struggles, particularly as it has generated a return of -31.07% over the past year, compared to the Sensex's modest gain of 1.35%. The high percentage of pledged promoter shares (55.47%) further exacerbates the stock's vulnerability in a falling market, adding downward pressure on its price. Overall, the combination of weak long-term fundamentals, poor recent performance relative to the market, and high promoter pledges contribute to the stock's current challenges.