Why is BITS falling/rising?

As of 07-Jul, BITS Ltd's stock price is currently at 11.09, reflecting a decline of 0.22, or 1.95%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 3.9% during this period. Despite a strong performance over the past year with a return of 191.84%, the stock's long-term fundamentals appear weak, with a low return on equity of 3.81% and a concerning EBIT to Interest ratio of -0.03. Additionally, the stock is trading at a premium compared to its peers, which may deter some investors. The recent increase in delivery volume suggests rising investor participation, but the overall sentiment remains negative due to the company's poor financial health.
In the broader market context, BITS Ltd has outperformed the benchmark Sensex over the past week and month, with returns of 1.84% and 3.36%, respectively, while the Sensex has seen a slight decline and modest gain. However, year-to-date, BITS has significantly underperformed, with a staggering decline of 63.92% compared to the Sensex's increase of 6.79%. This stark contrast highlights the challenges BITS faces in regaining investor confidence, particularly in light of its weak long-term growth and declining profits, which have fallen by 90.5% despite the impressive one-year return.