Why is Innovative Tech falling/rising?

As of 11-Jul, Innovative Tech Pack Ltd's stock price is currently at 23.49, reflecting an increase of 0.19 or 0.82%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline. Despite this uptick, the stock has underperformed significantly over the past month, with a return of -9.69%, and a year-to-date decline of -38.17%. The company has a weak financial position, evidenced by a return on equity of only 2.17% and significant operating losses, which have contributed to a -2156.3% fall in profit after tax for the quarter. However, the stock is trading at a discount compared to its peers, and there has been a notable increase in investor participation, with delivery volume rising by 33.67% against the five-day average.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which declined by 1.12% over the past week. While Innovative Tech has shown some resilience today, its long-term outlook remains concerning, with a substantial underperformance compared to the benchmark indices over the past year and three years. The company's weak ability to service its debt and the significant drop in profitability indicate that the recent price movement may not be sustainable without improvements in its financial fundamentals.