Why is ITI falling/rising?

As of 03-Jul, ITI Ltd's stock price is currently at 327.35, reflecting a slight increase of 0.65 or 0.2%. Despite this minor uptick, the stock has been underperforming, having fallen consecutively for the last three days with a total decline of 3%. The stock's performance today is notably weaker than its sector, underperforming by 0.58%. Over the past week, ITI has shown a positive return of 1.90%, contrasting with a negative return of 1.52% over the last month. While the company has reported positive results for the last four consecutive quarters, including the highest net sales and debtors turnover ratio, it also faces challenges such as operating losses and a high debt to EBITDA ratio, which contribute to its weak long-term fundamental strength.
In the broader market context, ITI's recent performance contrasts with the Sensex, which has gained 3.10% over the past month. Although ITI has outperformed the BSE500 in the long term, its year-to-date return of -15.38% starkly contrasts with the Sensex's positive 6.53%. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume indicates falling investor participation, which may further pressure the stock price. Overall, while ITI has shown some positive short-term movements, the underlying financial challenges and recent performance trends suggest a cautious outlook for investors.