Why is Innovative Tech falling/rising?

As of 10-Sep, Innovative Tech Pack Ltd is experiencing a decline in its stock price, currently at 23.51, reflecting a decrease of 0.39 or 1.63%. The stock has underperformed its sector by 1.05% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 4.78% during this period. Over the past week, the stock has decreased by 3.05%, and its year-to-date performance shows a significant decline of 38.12%. The company's weak financial fundamentals are evident, with a return on equity of only 2.17% and a poor EBIT to interest ratio of 0.62, indicating low profitability and challenges in servicing its debt. Additionally, despite trading at a discount compared to peers, the stock's profits have plummeted by 108.7% over the past year, contributing to its negative performance.
In the broader market context, Innovative Tech's performance contrasts sharply with the Sensex, which has gained 1.06% over the past week. The stock's long-term underperformance is highlighted by a 39.34% decline over the past year, while the benchmark has remained relatively flat with a -0.61% return. This stark difference in performance underscores the company's struggles, as it has consistently underperformed the BSE500 across various time frames, including the last three years and one year. The combination of weak operating profit growth and a significant drop in profits has led to a negative sentiment surrounding the stock, further exacerbating its decline in value.