Why is IITL Projects falling/rising?

As of 25-Sep, IITL Projects Ltd is experiencing a decline in its stock price, currently at Rs 53.31, reflecting a decrease of Rs 5.64 or 9.57%. The stock has underperformed its sector by 8.18% today and opened with a significant loss of 9.92%. Over the past week, the stock has dropped by 4.79%, and its performance over the last month shows a decline of 16.31%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The company has a negative book value and has shown poor long-term growth, with net sales declining at an annual rate of 161.78% and a pre-tax profit that has fallen by 96.9% in the most recent quarter. These factors contribute to a perception of weakness in the company's fundamentals, leading to the current price drop.
In the broader market context, while the Sensex has decreased by only 2.23% over the past week, IITL Projects' performance has been significantly worse, indicating a lack of investor confidence. The stock's year-to-date performance shows a decline of 11.15%, contrasting sharply with the Sensex's gain of 3.87%. This disparity highlights the stock's struggles relative to the market. Furthermore, the company's high debt levels and negative profit growth over the past year, despite a 33.74% return, suggest that the stock is trading at risky valuations, further exacerbating its decline in price.