Why is ITI falling/rising?

As of 30-Jun, ITI Ltd's stock price is currently at 336.40, reflecting an increase of 14.6, or 4.54%. The stock has shown a positive performance today, outperforming its sector by 2.06% and achieving a consecutive gain over the last two days with a total return of 4.72%. It has also reached an intraday high of Rs 336.4. In terms of returns, the stock has generated an 8.99% return over the past year and has outperformed the BSE 500 over the last three years, one year, and three months. However, despite these positive indicators, the company faces challenges such as operating losses and a high Debt to EBITDA ratio, which may affect long-term investor confidence.
In the broader market context, ITI's short-term return of 6.76% over the past week significantly outpaces the Sensex's return of 2.09% during the same period. While the stock has shown resilience in the short term, its year-to-date performance is down by 13.04%, contrasting with the Sensex's 7.00% gain. This divergence highlights the stock's volatility and the potential risks associated with its weak long-term fundamentals, including low profitability and negative EBITDA, which could temper investor enthusiasm despite recent gains.