Why is BITS falling/rising?

As of 21-Aug, BITS Ltd is experiencing a slight decline in its stock price, currently at 9.60, reflecting a decrease of 0.01 or 0.1%. The stock has been losing value over the past two days, with a total drop of 1.34%. It is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the delivery volume has decreased by 23.51% compared to the five-day average, suggesting falling investor participation. Despite a positive return of 14.56% over the past year, the company's long-term fundamentals are weak, with a low return on equity of 3.81% and significant profit declines, which may contribute to the stock's recent downward movement.
In the broader market context, BITS Ltd's short-term performance of +4.35% over the past week outpaces the Sensex's return of +1.74%, indicating some relative strength. However, the stock's year-to-date performance is significantly negative at -68.77%, contrasting sharply with the Sensex's positive return of +4.94%. This disparity highlights the challenges BITS faces, particularly in light of its poor long-term growth metrics and high valuation compared to peers, which may deter investors despite its recent short-term gains.