Why is ITL Industries falling/rising?

As of 12-Sep, ITL Industries Ltd is currently priced at 360.60, reflecting a decrease of 5.1 points or 1.39%. The stock has underperformed its sector today by 2.03% and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 351.45, which is a decline of 3.9%. Over the past week, the stock has shown a slight increase of 0.73%, but it has significantly underperformed over the last year with a return of -23.28%. The company has a low Debt to EBITDA ratio of 1.18, indicating a strong ability to service debt, and it is trading at a discount compared to its peers. However, its profits have fallen by 4.2% over the past year, contributing to the stock's decline.
In the broader market context, the Sensex has increased by 1.48% over the past week, highlighting that ITL Industries is lagging behind the benchmark. The stock's performance over the last year is particularly concerning, as it has underperformed the market, which saw a negative return of -3.45%. This stark contrast suggests that investor sentiment towards ITL Industries is weak, compounded by falling investor participation, as evidenced by a 37.64% drop in delivery volume. Overall, the combination of poor long-term growth prospects, flat results, and significant underperformance relative to the market has contributed to the stock's current decline.