Why is ITL Industries falling/rising?

As of 10-Sep, ITL Industries Ltd is experiencing a price increase, currently at 358.00, reflecting a rise of 7.0 or 1.99%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. Despite opening with a loss of 2.48%, it reached an intraday high of Rs 360, showcasing some volatility with a day's low of Rs 340.45. Over the past week, the stock has outperformed its sector by 0.88%, although it has underperformed over the past month and year, with returns of -1.55% and -20.80%, respectively. The company's strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.18 times, and its attractive valuation with a ROCE of 12.4, suggest some underlying strength, even as profits have fallen by 4.2% over the past year.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.06% over the past week, while ITL Industries has increased by 2.31%. However, the stock has significantly lagged behind the market over the past year, with a decline of -20.80% compared to the Sensex's slight drop of -0.61%. This underperformance, coupled with a falling investor participation indicated by a 22.26% decrease in delivery volume, suggests that while there may be short-term gains, the long-term outlook remains uncertain. The stock's trading at a discount compared to peers could attract some investors, but the overall flat results and poor long-term growth prospects may continue to weigh on its performance.