Why is I T D C falling/rising?

As of 18-Aug, India Tourism Development Corporation Ltd (ITDC) is experiencing a price increase, currently at 542.00, reflecting a rise of 4.1 (0.76%). Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 0.71%. However, despite this short-term gain, the stock has shown negative returns over the past week (-1.50%), month (-10.60%), and year (-22.85%). The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth with an annual operating profit increase of 131.54%. Nonetheless, the recent quarterly results show a decline in profit after tax by 16.1%, and the stock is trading at a high price-to-book value, indicating an expensive valuation compared to its peers.
In the broader market context, the Sensex has increased by 0.83% over the past week, contrasting with ITDC's decline during the same period. This underperformance is further highlighted by the stock's negative returns over the last year, where it has lagged behind the benchmark indices. Additionally, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current valuation or business prospects. The stock's liquidity remains adequate for trading, but the falling investor participation, as evidenced by a significant drop in delivery volume, raises concerns about sustained interest in the stock. Overall, while there is a slight uptick in price today, the long-term outlook remains cautious due to the company's recent financial performance and market sentiment.