Why is IRB Infra.Devl. falling/rising?

As of 28-Oct, IRB Infrastructure Developers Ltd is experiencing a slight decline in its stock price, currently at 44.64, reflecting a decrease of 0.05 or 0.11%. Today's price summary indicates that the stock has underperformed its sector by 0.72% and has seen a trend reversal after five consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 3.24% and 8.72%, respectively. 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, which may have initially supported the stock's rise. However, the long-term fundamental strength appears weak, with a low return on capital employed and a high debt to EBITDA ratio, contributing to the stock's current decline.
In the broader market context, while the stock has outperformed the Sensex over the past week and month, it has significantly underperformed over the year, with a return of -13.81% compared to the market's average return of 4.71%. This stark contrast highlights the challenges faced by IRB Infrastructure Developers Ltd in maintaining investor confidence despite recent positive quarterly results. The high institutional holdings suggest that informed investors are aware of the company's fundamental weaknesses, which may be influencing the stock's downward movement. Overall, the combination of short-term gains overshadowed by long-term concerns is likely contributing to the current price decline.