Why is Indl. Inv. Trust falling/rising?

As of 16-Sep, Industrial Investment Trust Ltd's stock price is rising, currently at Rs 183.25, reflecting an increase of 8.15 (4.65%). The stock has shown a trend reversal today, gaining after two consecutive days of decline and opening with a gain of 4.65%. It has outperformed its sector by 4.37% today. However, despite a positive performance in the short term, the stock has underperformed over the past week with a decline of 3.81% compared to the Sensex's increase of 1.58%. The stock's long-term performance remains concerning, with a year-to-date decline of 53.61% and a one-year return of -29.52%. Promoter confidence has increased, with a 0.74% rise in their stake, indicating optimism about the company's future, but the stock's weak long-term fundamentals, including a low Return on Equity (ROE) of 3.83% and significant declines in net sales and profits, present a mixed outlook.
In the broader market context, while the stock has shown a positive movement today, it has significantly lagged behind the benchmark over the past year, where the BSE500 index recorded a negative return of only -2.93%. The stock's performance over the last month has been more favorable, with a return of +10.69%, compared to the Sensex's +2.21%. However, the overall trend indicates that despite today's gains, the stock's long-term trajectory remains weak, as evidenced by its substantial declines in both net sales and profitability, which could affect investor sentiment moving forward.