Why is IRB Infra.Devl. falling/rising?

As of 10-Sep, IRB Infrastructure Developers Ltd is currently priced at 42.36, reflecting a slight increase of 0.1 (0.24%). The stock has shown a negative performance over the past week, down by 1.49%, and has underperformed its sector by 0.6% today. It is trading lower than its moving averages across various time frames, indicating a bearish trend. Despite the company declaring positive results for the last three consecutive quarters, with a significant growth in profit after tax and strong cash reserves, it faces challenges such as weak long-term fundamental strength and a high debt to EBITDA ratio. The stock is also close to its 52-week low, which may contribute to investor caution.
In the broader market context, the Sensex has increased by 1.06% over the past week, contrasting with IRB Infra's decline. The stock has underperformed the market significantly over the past year, with a return of -32.15% compared to the BSE500's -2.89%. This underperformance, coupled with a high percentage of pledged promoter shares, adds downward pressure on the stock price, especially in a falling market. The liquidity of the stock remains adequate, with a notable increase in delivery volume, suggesting some investor interest despite the overall negative sentiment surrounding the stock.