Why is IITL Projects falling/rising?

As of 03-Nov, IITL Projects Ltd is experiencing a decline in its stock price, currently at Rs 50.12, which reflects a decrease of Rs 2.88 or 5.43%. The stock has underperformed its sector by 7.35% today and has been on a downward trend for the last two days, resulting in a total loss of 6.87% during this period. It opened significantly lower, down 3.77%, and traded within a wide range of Rs 10, reaching a high of Rs 58.3 and a low of Rs 48.3. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. There has also been a notable drop in investor participation, with delivery volume falling by 52% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, IITL Projects has underperformed the benchmark Sensex, which has shown a slight decline of 0.94% over the past week while the stock has dropped 4.48%. Over the past month, the stock has decreased by 15.48%, contrasting sharply with the Sensex's gain of 3.41%. Year-to-date, IITL Projects has seen a decline of 16.47%, while the Sensex has increased by 7.47%. This significant underperformance relative to the benchmark indicates that market sentiment is currently unfavorable for IITL Projects, contributing to its recent price decline.