Why is ITL Industries falling/rising?

As of 29-Aug, ITL Industries Ltd is experiencing a price increase, currently at Rs 346.00, reflecting a rise of 6.65 (1.96%). Today's performance indicates a positive trend as the stock has gained after three consecutive days of decline, opening with a gain of 2.99% and reaching an intraday high of Rs 349.5. However, despite this uptick, the stock has underperformed over the past week and month, with returns of -2.48% and -10.11%, respectively. The stock is also trading below its moving averages, indicating potential weakness. Additionally, while the company has a strong ability to service debt and is trading at a discount compared to peers, its long-term growth prospects appear poor, with a significant decline in stock value over the past year.
In the broader market context, ITL Industries has underperformed compared to the benchmark Sensex, which has seen a decline of only -1.84% over the past week and -1.88% over the past month. The stock's year-to-date performance is notably worse, with a decline of -22.56% compared to the Sensex's positive return of +2.14%. This stark contrast highlights the challenges faced by ITL Industries, particularly its flat operating profit growth and significant drop in stock value relative to the broader market, which may contribute to investor caution despite today's positive movement.