Why is Innovative Tech falling/rising?

As of 09-Jul, Innovative Tech Pack Ltd is experiencing a decline in its stock price, currently at 23.44, reflecting a decrease of 0.21 or 0.89%. The stock has underperformed its sector by 1.25% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.34% during this period. Over the past week, the stock has fallen by 4.40%, and its year-to-date performance shows a significant drop of 38.30%. Despite a rising delivery volume, which increased by 107.09% compared to the 5-day average, the stock is trading below all its moving averages, indicating weak momentum. Additionally, the company has reported a staggering 100.6% decline in profits over the past year, contributing to its negative sentiment among investors.
In the broader market context, the stock's performance contrasts sharply with the Sensex, which has gained 0.15% over the past week and 6.91% year-to-date. This underperformance is further highlighted by the stock's returns, which have lagged behind the benchmark indices over various periods, including a 24.39% decline over the past year. The company's weak long-term fundamentals, characterized by operating losses and a poor EBIT to interest ratio of 0.62, suggest challenges in servicing its debt and generating shareholder returns, which further exacerbates investor concerns. Overall, the combination of poor financial performance and a lack of positive market momentum has led to the stock's current downward trajectory.