Why is ITI falling/rising?

As of 01-Sep, ITI Ltd's stock price is currently at 284.70, reflecting a decrease of 0.6, or 0.21%. The stock has underperformed its sector by 0.71% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 3.20%, while its performance over the past month shows a slight decrease of 0.58%. Despite reporting positive results for the last five consecutive quarters, including a significant growth in net sales, 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 falling investor participation, indicated by a 43.59% drop in delivery volume, suggests a lack of confidence among investors.
In the broader market context, ITI's performance has been notably weaker than the benchmark Sensex, which has declined by only 1.56% over the past week. The stock's year-to-date performance shows a significant drop of 26.41%, contrasting sharply with the Sensex's gain of 2.85%. This disparity indicates that while the overall market may be stabilizing or improving, ITI is struggling to attract investor interest, as evidenced by the minimal stake held by domestic mutual funds. The combination of weak profitability, high debt levels, and declining trading volume positions ITI as a risky investment, contributing to its current downward price movement.