Why is Indian Infotech falling/rising?

As of 22-Jul, Indian Infotech and Software Ltd's stock price is currently at 1.11, reflecting a decrease of 0.06, or 5.13%. The stock has recently underperformed its sector by 4.9% and has experienced a trend reversal, falling after three consecutive days of gains. Despite a positive performance over the past week and month, with returns of 9.90% and 6.73% respectively, the stock has shown significant long-term underperformance, with a year-to-date decline of 16.54% and a staggering 49.58% drop over the past three years. The company's weak financial fundamentals, including operating losses and a poor EBIT to Interest ratio of -2.91, contribute to its current struggles, alongside a return on equity of only 0.21%, indicating low profitability.
In the broader market context, while the Sensex has shown resilience with a 5.18% increase year-to-date, Indian Infotech's performance starkly contrasts this trend, highlighting its consistent underperformance against the benchmark over the last three years. The stock's liquidity appears sufficient for trading, but the significant drop in profitability, evidenced by a 520.9% fall in profits over the past year, raises concerns among investors. This combination of weak financial health and negative market sentiment is likely driving the stock's current decline.