Why is Innovative Tech falling/rising?

As of 20-Aug, Innovative Tech Pack Ltd's stock price is currently at 23.36, reflecting a decrease of 0.39, or 1.64%. The stock has been underperforming significantly, with a consecutive fall over the last four days, resulting in a total decline of 11.14% in the past week. It is trading below all key moving averages, indicating a bearish trend. The company has experienced a substantial drop in profits, with a year-over-year return of -39.82% and a concerning -108.7% decline in profits. While the stock is trading at a discount compared to its peers, its weak long-term fundamentals, including a -19.73% CAGR growth in operating profits over the last five years and a low return on equity of 2.17%, contribute to its negative price movement.
In the broader market context, the stock's performance has been notably poor compared to the Sensex, which has gained 1.64% over the past week. Innovative Tech's year-to-date performance shows a staggering decline of 38.51%, while the Sensex has increased by 4.76%. This stark contrast highlights the stock's struggles not only in the short term but also in the long term, as it has consistently underperformed against the benchmark indices over various periods. The combination of weak financial metrics and a lack of investor confidence is likely driving the stock's downward trajectory.