Why is I T D C falling/rising?

As of 16-Sep, India Tourism Development Corporation Ltd (ITDC) has seen its stock price rise by 9.4 points, reflecting a 1.49% increase. Today's price summary indicates that the stock has outperformed its sector by 2.45% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 666.95, marking a 6.07% increase. However, despite this positive movement, there has been a significant drop in investor participation, with delivery volume falling by 74.17% against the five-day average. Additionally, while the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, recent flat results and a decline in profit after tax have raised concerns about its valuation, which is considered expensive relative to its peers.
In the broader market context, the stock has underperformed the Sensex in the short term, with a one-week return of -2.35% compared to the benchmark's gain of 1.58%. However, over the past month, ITDC has outperformed the Sensex, achieving an 18.77% return against the benchmark's 2.21%. Despite the recent price increase, the overall sentiment may be tempered by the company's low domestic mutual fund ownership, which suggests a lack of confidence among institutional investors. This combination of short-term volatility, declining investor participation, and mixed financial performance contributes to the stock's fluctuating price movements.