Why is ITL Industries falling/rising?

As of 22-Aug, ITL Industries Ltd is experiencing a price increase, currently at 354.80, reflecting a rise of 4.8 or 1.37%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline, outperforming its sector by 1.86%. However, despite this short-term gain, the stock has underperformed in the longer term, with a one-week return of -2.12% and a one-month return of -7.11%. The company has a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.18 times, and it is trading at a discount compared to its peers. Nevertheless, the stock has seen a significant decline over the past year, with a return of -32.41%, while profits have also fallen by 4.2%.
Broader market context shows that the Sensex has performed positively, gaining 0.88% over the past week, while ITL Industries has lagged behind with its negative returns. The broader market has generated a return of -2.49% over the last year, indicating that ITL's decline is more pronounced than the market average. Despite the recent uptick in price, the stock's long-term growth prospects appear poor, with operating profit growth at an annual rate of only 18.68% over the last five years and flat results reported in June. This context suggests that while there may be short-term optimism, the overall outlook for ITL Industries remains challenging.