Why is IRB Infra.Devl. falling/rising?

As of 28-Aug, IRB Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at Rs 42.34, which reflects a decrease of Rs 1.84 or 4.16%. The stock has underperformed its sector by 3.74% today and has been on a downward trend for the last two days, accumulating a total drop of 6.04%. It is also trading close to its 52-week low, just 3.14% above Rs 41.01. Despite declaring positive results over the last three consecutive quarters, including a significant growth in profit after tax, the company faces challenges such as a weak long-term fundamental strength indicated by 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, IRB Infrastructure has shown a negative return of 26.00% year-to-date, significantly underperforming the Sensex, which has gained 2.48% in the same period. Over the past year, the stock has declined by 36.15%, while the broader market has only fallen by 2.08%. This stark contrast highlights the stock's struggles relative to market performance, contributing to investor sentiment that may be driving the stock lower. The recent trading activity indicates increased investor participation, but the overall liquidity and performance metrics suggest that the stock is facing significant headwinds in the current market environment.