Why is BITS falling/rising?

As of 31-Jul, BITS Ltd is experiencing a decline in its stock price, currently at 9.97, reflecting a decrease of 0.33 or 3.2%. The stock has underperformed its sector by 1.83% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.37% during this period. Over the past week, BITS has seen a significant decline of 7.00%, and its year-to-date performance is notably poor, with a staggering drop of 67.57%. Despite a strong annual return of 55.54%, the company's long-term fundamentals are weak, indicated by a low Return on Equity (ROE) of 3.81% and a concerning EBIT to Interest ratio of -0.10. Additionally, the stock is trading at a premium compared to its peers, which may deter investors.
In the broader market context, the Sensex has only declined by 1.22% over the past week, highlighting that BITS is underperforming relative to the benchmark. While the overall market has generated negative returns of -3.20% in the last year, BITS' significant drop in price and weak financial indicators suggest a lack of investor confidence. The falling delivery volume, which decreased by 30.19% against the 5-day average, further indicates diminishing investor participation. Overall, the combination of poor financial health, high valuation, and recent performance trends contribute to the stock's decline.