Why is ITI falling/rising?

As of 29-Aug, ITI Ltd's stock price is currently at 285.30, reflecting an increase of 2.1, or 0.74%. The stock has shown a trend reversal by gaining after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.52%, and it has also fallen by 5.15% over the past month. Despite positive results in the last five quarters, including a significant growth in net sales and a high debtors turnover ratio, the company faces challenges such as operating losses and a high debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. Additionally, the low return on equity suggests limited profitability, and the small stake held by domestic mutual funds may indicate a lack of confidence in the stock's valuation.
In the broader market context, ITI's recent performance contrasts with the benchmark Sensex, which has declined by 1.84% over the past week and 1.88% over the past month. While ITI's short-term returns are worse than the benchmark, its long-term performance over three years shows a substantial gain of 153.26%, compared to the Sensex's 37.67%. This disparity highlights the stock's volatility and potential risks, especially given its negative EBITDA and the perception of being a risky investment relative to historical valuations. Overall, while the stock has seen a slight uptick recently, the underlying fundamentals and market sentiment suggest caution.