Why is ITL Industries falling/rising?

As of 18-Sep, ITL Industries Ltd is currently priced at 348.50, reflecting an increase of 6.9 or 2.02%. Today's price summary indicates that the stock outperformed its sector by 1.62%, reaching an intraday high of Rs 355.9, which is a 4.19% rise. However, despite this daily gain, the stock has shown a negative performance over the past week and month, with declines of 4.70% and 4.76%, respectively. Additionally, the stock has significantly underperformed the market over the past year, with a return of -28.88% compared to the Sensex's slight increase of 0.08%. The company has a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.18 times, and it is trading at a discount compared to its peers, which may attract some investors. However, the stock's long-term growth prospects appear poor, as evidenced by flat operating profit growth and a significant decline in returns over the past year.
Broader Market Context: In the context of the broader market, ITL Industries has underperformed significantly compared to the benchmark, with a year-to-date return of -22.00% against the Sensex's gain of 6.24%. This stark contrast highlights the challenges faced by the company, particularly given its substantial drop in profits of -4.2% over the past year. While the stock has shown some positive movement today, the overall trend remains negative, reflecting investor concerns about its long-term growth potential and recent flat results. The increased investor participation, as indicated by a dramatic rise in delivery volume, may suggest a potential shift in sentiment, but the stock's performance relative to the market remains a critical factor in understanding its current trajectory.