Why is BITS falling/rising?

As of 04-Jul, BITS Ltd is experiencing a decline in its stock price, currently at 11.31, which reflects a decrease of 0.23 or 1.99%. The stock has recently underperformed its sector by 2.7% and has seen a trend reversal after eight consecutive days of gains. Despite a strong one-year return of 203.22%, the stock's long-term fundamentals are weak, with a low average Return on Equity (ROE) of 3.81% and a significant drop in profits by 90.5% over the past year. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 25.33% against the five-day average, indicating waning interest among investors.
In the broader market context, BITS Ltd has outperformed the Sensex over the past week and month, with returns of 5.90% and 16.12%, respectively, while the Sensex has declined by 0.74% and increased by 3.01%. However, the stock's year-to-date performance is concerning, showing a decline of 63.21% compared to the Sensex's gain of 6.77%. This juxtaposition highlights the stock's volatility and the challenges it faces despite its recent strong performance. The combination of weak long-term growth prospects and high valuation compared to peers suggests that the stock may continue to struggle in the near term.