Why is Indian Infotech falling/rising?

As of 28-Jul, Indian Infotech and Software Ltd's stock price is currently at 1.12, reflecting a decrease of 0.12 or 9.68%. The stock has underperformed its sector today by 8.74%, following a trend reversal after three consecutive days of gains. In terms of returns, the stock has shown a decline of 4.27% over the past week, while it has increased by 6.67% over the past month. However, it has significantly underperformed over the longer term, with a year-to-date decline of 15.79% and a staggering 24.83% drop over the past year. The company is facing operating losses and has a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of -2.91 and a low Return on Equity of 0.21%. These factors contribute to the stock's recent decline.
In the broader market context, the stock's short-term performance has been worse than the benchmark, with the Sensex declining only 1.59% over the past week. The company has consistently underperformed against the benchmark over the last three years, which further highlights its struggles. The stock's liquidity appears adequate for trading, but the negative EBITDA and significant drop in profitability, with profits falling by 520.9% over the past year, indicate a risky investment. Overall, the combination of weak financial performance, negative investor sentiment, and underperformance relative to the market contributes to the stock's current downward trajectory.