Why is IRB Infra.Devl. falling/rising?

As of 05-Sep, IRB Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at Rs 42.35, which reflects a decrease of -0.36 or -0.84%. The stock has been underperforming, with a consecutive fall over the last two days resulting in a total decline of -1.51%. It is trading lower than all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.16% away from Rs 41.01. Despite positive financial results in the last three quarters, including a 26.86% growth in PAT and a strong debtors turnover ratio, the stock's long-term fundamentals are weak, with a low return on capital employed and high debt levels contributing to its negative performance.
In the broader market context, the stock has significantly underperformed compared to the benchmark Sensex, which has gained 1.13% over the past week while IRB Infrastructure has declined by -1.17%. Over the past year, the stock has generated a return of -31.56%, contrasting sharply with the Sensex's slight decline of -1.81%. This underperformance is exacerbated by the high percentage of pledged promoter shares, which can exert additional downward pressure in a falling market. Overall, the combination of weak long-term fundamentals, recent price declines, and poor market performance contributes to the stock's current downward trajectory.