Why is ITI falling/rising?

As of 19-Nov, ITI Ltd's stock price is currently at 307.35, reflecting a decrease of 4.75 or 1.52%. The stock has underperformed its sector by 1.4% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.95%. Key financial indicators reveal that the stock is trading higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume falling by 31.67% compared to the 5-day average. The company's financial health is concerning, as it faces operating losses, a high debt-to-EBITDA ratio, and low profitability, which may contribute to the negative sentiment surrounding the stock.
In the broader market context, ITI's short-term performance has been notably poor, with a 1-week return of -4.56%, contrasting sharply with the Sensex's gain of 0.85% during the same period. Over the past month, ITI has declined by 8.62%, while the Sensex has increased by 1.47%. This underperformance against the benchmark suggests that investor confidence is waning, likely due to the company's weak long-term fundamentals and the lack of substantial investment from domestic mutual funds, which hold only 0.48% of the company. The combination of these factors indicates a challenging environment for ITI Ltd, contributing to its declining stock price.