Why is IRB Infra.Devl. falling/rising?

As of 18-Sep, IRB Infrastructure Developers Ltd is currently priced at 44.10, reflecting a slight increase of 0.12 or 0.27%. The stock has shown a positive trend recently, gaining 4.35% over the last seven days and outperforming its sector by 0.46% today. Despite a year-to-date decline of 22.93% and a one-year drop of 27.37%, the company has reported positive results for the last three consecutive quarters, with a significant growth in profit after tax and a high debtors turnover ratio. However, the stock faces challenges due to weak long-term fundamental strength, as indicated by a low return on capital employed and a high debt-to-EBITDA ratio, which may dampen investor confidence.
In the broader market context, the stock has outperformed the Sensex over the past week, which has only increased by 1.80%, while the stock rose by 3.74%. However, it has underperformed the market over the past year, where the BSE500 index saw a decline of 1.96%. The high percentage of pledged promoter shares could also exert downward pressure on the stock in a falling market, contributing to its overall negative performance despite recent gains. Thus, while short-term movements show some positive momentum, the long-term outlook remains concerning due to fundamental weaknesses.