Why is ITL Industries falling/rising?

As of 17-Sep, ITL Industries Ltd is experiencing a decline in its stock price, currently at Rs. 341.60, reflecting a decrease of Rs. 19.85 or 5.49%. The stock has hit a new 52-week low of Rs. 289.2 today, indicating significant downward pressure, and has underperformed its sector by 5.72%. Over the past week, the stock has fallen by 4.58%, and its year-to-date performance shows a substantial decline of 23.55%. Despite a strong ability to service debt with a low Debt to EBITDA ratio of 1.18 times and an attractive valuation with a ROCE of 12.4, the stock's performance has been hindered by a 31.50% drop over the past year, coupled with a 4.2% decrease in profits. Additionally, the stock is trading below all key moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 71.15% against the 5-day average.
In the broader market context, ITL Industries has notably underperformed compared to the benchmark, with the Sensex gaining 1.56% over the past week while ITL's stock has declined. This trend continues over the last month, where ITL's stock fell by 5.43% against the Sensex's 2.60% increase. 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 2025. The combination of these factors, including high volatility and a significant drop in trading volume, suggests a challenging environment for ITL Industries, leading to its current price decline.