Why is ITL Industries falling/rising?

As of 16-Sep, ITL Industries Ltd is experiencing a price increase, currently at Rs 361.45, reflecting a rise of Rs 6.45 or 1.82%. The stock has shown a positive trend today, having gained after two consecutive days of decline, and opened with a significant gain of 3.59%. Despite this short-term uptick, the stock has underperformed over the past year with a return of -26.08%, while its profits have decreased by 4.2%. The company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.18 times and an attractive valuation with a ROCE of 12.4. However, the stock's long-term growth prospects appear poor, as indicated by a flat operating profit growth rate of 18.68% over the last five years.
In the broader market context, ITL Industries has outperformed the Sensex in the short term, with a 1-week return of +2.98% compared to the benchmark's +1.58%. However, the stock's year-to-date performance is significantly lower at -19.10%, contrasting with the Sensex's +5.43%. This disparity highlights the challenges faced by ITL Industries in maintaining investor confidence, particularly given the falling investor participation and a substantial drop in delivery volume. While the stock is currently liquid enough for trading, the overall negative sentiment from its long-term performance and recent flat results may continue to weigh on its future price movements.