Why is ITL Industries falling/rising?

As of 25-Jun, ITL Industries Ltd is experiencing a decline in its stock price, currently at Rs 361.25, which reflects a decrease of Rs 2.95 or 0.81%. The stock has underperformed its sector by 1.81% today, touching an intraday low of Rs 355.1. Over the past week, the stock has decreased by 0.76%, and its performance over the last month shows a significant drop of 9.69%. Despite a strong ability to service debt indicated by a low Debt to EBITDA ratio of 1.18 times and positive quarterly results, the stock has generated a return of -21.36% over the past year, which highlights its struggle in the market. Additionally, while the company has shown some positive financial metrics, such as a rise in profits by 1.2% over the past year, the overall sentiment remains negative due to poor long-term growth and significant underperformance relative to the market.
In the broader market context, ITL Industries has notably lagged behind the benchmark, with the Sensex showing a positive return of 1.61% over the past week and 1.27% over the past month. The stark contrast between the stock's performance and the benchmark's gains indicates a lack of investor confidence, further exacerbated by the stock's negative returns of -21.36% over the past year compared to the market's positive returns of 3.43%. This underperformance, combined with the stock trading below all its moving averages, suggests a challenging environment for ITL Industries, contributing to its current price decline.