Why is IITL Projects falling/rising?

As of 26-Sep, IITL Projects Ltd is experiencing a price increase, currently at Rs 56.44, reflecting a change of 2.78 (5.18%) upwards. The stock has outperformed its sector today by 6.58%, with an intraday high of Rs 56.44. Notably, the stock has shown a significant increase in delivery volume, rising by 859.15% against the 5-day average, indicating rising investor participation. However, despite a strong performance over the past year with a return of 41.10%, the company faces challenges such as a negative book value, high debt levels, and declining profits, which could weigh on its long-term prospects.
In the broader market context, while IITL Projects has outperformed the BSE500 index, which has generated negative returns of -7.63% over the last year, the stock's recent performance contrasts with its longer-term trends. The stock's short-term return of +0.80% over the past week stands in stark contrast to the Sensex's decline of -2.66% during the same period. This divergence highlights the stock's relative strength in a challenging market environment, although the underlying financial weaknesses may pose risks for sustained growth.