Why is ITI falling/rising?

As of 01-Jul, ITI Ltd's stock price is currently at 329.95, reflecting a decrease of 6.45 points or 1.92%. Today's performance indicates that the stock has underperformed its sector by 1.79%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 326.25, showing a decline of 3.02%. Despite trading above its moving averages, the stock's recent performance over the past month has been negative, with a decline of 4.79%. While the company has reported positive results over the last four quarters, including a record net sales figure, it also faces challenges such as operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength and low profitability.
In the broader market context, ITI's short-term return of +3.55% over the past week contrasts with the Sensex's gain of +2.00%, indicating that the stock has been performing relatively well in the short term despite its recent decline. However, the stock's year-to-date performance shows a significant drop of 14.71%, while the Sensex has increased by 7.11%, highlighting a concerning trend for ITI in the longer term. The combination of high debt levels and negative EBITDA positions the stock as risky, which may be influencing investor sentiment and contributing to its current price decline.