Why is IRB Infra.Devl. falling/rising?

As of 02-Sep, IRB Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at Rs 42.82, reflecting a decrease of Rs 0.49 or 1.13%. The stock has underperformed its sector by 1.41% today and is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 4.23% away from Rs 41.01. Over the past week, the stock has dropped by 3.08%, and it has seen a significant decline of 25.17% year-to-date. Despite positive results in the last three quarters, including a 26.86% growth in profit after tax, the company faces challenges such as a weak long-term fundamental strength, evidenced by a low return on capital employed and high debt levels, which contribute to the stock's downward pressure.
In the broader market context, the stock has significantly underperformed compared to the benchmark Sensex, which has seen a modest decline of 0.78% over the past week. While the overall market has generated negative returns of -4.82% in the last year, IRB Infrastructure's stock has plummeted by 32.04%, indicating a much steeper decline. The high percentage of pledged promoter shares, at 55.47%, adds to the downward pressure in a falling market, further exacerbating investor concerns. Overall, the combination of weak performance metrics, high debt levels, and negative market sentiment has led to the stock's current decline.