Why is ITI falling/rising?

As of 05-Aug, ITI Ltd's stock price is currently at 289.65, reflecting a decline of 2.85, or 0.97%. The stock has underperformed its sector today by 0.39%, and its delivery volume has decreased by 14.23% compared to the 5-day average, indicating falling investor participation. While the company has reported positive results for the last four consecutive quarters, including the highest net sales of Rs 1,045.70 crore, it is also facing challenges such as operating losses and a high Debt to EBITDA ratio of -1.00 times, which suggests weak long-term fundamental strength. Despite generating a return of 2.44% over the past year, the stock's profitability remains low, as indicated by a Return on Equity of only 0.99%.
In the broader market context, ITI Ltd's short-term performance has been notably poor, with a 1-week return of -3.71%, compared to a slight decline of 0.77% in the Sensex. This underperformance is further highlighted by the stock's year-to-date return of -25.13%, contrasting sharply with the Sensex's gain of 3.29%. The limited stake held by domestic mutual funds, at just 0.45%, may reflect a lack of confidence in the stock's current valuation or business prospects. Overall, the combination of declining investor interest, weak profitability metrics, and significant underperformance relative to the benchmark contributes to the stock's downward movement.