Why is ITI falling/rising?

As of 22-Sep, ITI Ltd's stock price is currently at 322.85, reflecting an increase of 2.2, or 0.69%. The stock has shown positive momentum, gaining for the last two days with a total return of 2.02% during this period. It has outperformed its sector by 0.6% today and reached an intraday high of Rs 329.85. Despite a recent decline in investor participation, as indicated by a 38.59% drop in delivery volume, the stock is trading above its moving averages across various time frames. The company has reported positive results for the last five consecutive quarters, with a significant growth in net sales and consistent returns over the past three years. However, the company also faces challenges, including operating losses and a high debt-to-EBITDA ratio, which may contribute to concerns about its long-term fundamental strength.
In the broader market context, ITI's short-term performance has been slightly negative, with a 1-week return of -0.08%, while the Sensex has gained 0.46% in the same period. Over the past month, ITI has outperformed the benchmark with a return of 9.18% compared to the Sensex's 1.05%. Despite the stock's recent gains, the overall market sentiment may be influenced by the company's weak ability to service debt and low profitability, as indicated by its return on equity. Additionally, the minimal stake held by domestic mutual funds suggests a cautious outlook on the stock, which could affect its future performance.