Why is IRB Infra.Devl. falling/rising?

As of 08-Sep, IRB Infrastructure Developers Ltd is experiencing a decline in its stock price, currently at Rs 42.26, reflecting a decrease of -0.09 or -0.21%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of -1.72% during this period. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.96% away from Rs 41.01. Despite the company declaring positive results for the last three consecutive quarters, including a significant growth in PAT and high cash reserves, it faces challenges such as weak long-term fundamental strength, a high debt-to-EBITDA ratio, and a substantial percentage of promoter shares being pledged, which adds downward pressure on the stock.
In the broader market context, the stock has underperformed significantly compared to the benchmark Sensex, which has gained +0.53% over the past week while IRB Infrastructure has dropped -2.42%. This stark contrast highlights the stock's struggles in a generally positive market environment. Over the past year, the stock has generated a return of -31.68%, while the broader market has only declined by -0.49%. The company's weak long-term growth metrics, including low annual growth rates in net sales and operating profit, further contribute to investor concerns, leading to decreased participation and liquidity in the stock.