Why is ITI falling/rising?

As of 25-Jun, ITI Ltd's stock price is rising, currently at 324.00, reflecting an increase of 5.35 (1.68%). The stock has shown strong performance recently, gaining for the last four consecutive days with a total return of 5.43% during this period. It has outperformed its sector by 0.77% today and reached an intraday high of Rs 328.6. Over the past week, the stock has increased by 2.79%, and in the last month, it has surged by 16.15%. However, despite these positive movements, the company has reported operating losses and has a high Debt to EBITDA ratio, indicating weak long-term fundamental strength. The positive results over the last four quarters, including the highest net sales and debtors turnover ratio, have contributed to the stock's recent upward trend, but the negative EBITDA and low return on equity present significant risks.
In the broader market context, ITI Ltd's short-term performance has outpaced the benchmark Sensex, which has only increased by 1.61% over the past week. The stock's ability to generate a 5.74% return over the past year, while the Sensex has risen by 6.02%, shows that it has been competitive, particularly in the long term, where it has outperformed the BSE 500 over three years. However, the declining investor participation, as indicated by a drop in delivery volume, may pose a concern for sustained growth. Overall, while the stock is currently rising, its long-term viability remains uncertain due to fundamental weaknesses.