Why is IRB Infra.Devl. falling/rising?

As of 22-Aug, IRB Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at 43.80, which reflects a decrease of 0.79 or 1.77%. The stock has underperformed its sector by 1.59% 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 3.55%, and its year-to-date performance shows a significant decline of 23.45%. Although the company has reported positive results for the last three consecutive quarters, including a net profit growth of 1,148.02%, concerns about its long-term fundamental strength persist. The average Return on Capital Employed (ROCE) is low at 7.88%, and the high Debt to EBITDA ratio of 5.18 times raises questions about its ability to service debt, contributing to the stock's downward pressure.
In the broader market context, while the Sensex has gained 0.88% over the past week, IRB Infrastructure has not only underperformed the market but has also seen a significant drop in investor participation, with a 22.84% decrease in delivery volume compared to the 5-day average. This underperformance is further highlighted by the stock's return of -32.97% over the past year, contrasting sharply with the BSE500's negative return of only -2.49%. The high percentage of pledged promoter shares, at 55.47%, adds additional downward pressure in a falling market, indicating a lack of confidence among investors and further contributing to the stock's decline.