Why is ITL Industries falling/rising?

As of 19-Sep, ITL Industries Ltd is experiencing a price increase, currently at 357.90, reflecting a rise of 9.4 points or 2.7%. The stock has shown a positive trend recently, gaining 4.77% over the last two days and opening with a gain of 4.73% today. It reached an intraday high of Rs 365. Despite its recent performance, the stock has underperformed in the longer term, with a year-to-date decline of 19.90% and a one-year return of -28.39%. The company has a low Debt to EBITDA ratio of 1.18 times, indicating a strong ability to service debt, and it is trading at a discount compared to its peers. However, the stock's profits have fallen by 4.2% over the past year, contributing to its overall negative performance.
In the broader market context, ITL Industries has underperformed the benchmark, with a one-year return of -28.39% compared to the Sensex's decline of only -0.67%. While the stock has outperformed its sector today, the longer-term picture shows significant weakness, particularly in comparison to the market's performance. The stock's recent gains may be attributed to rising investor participation, as indicated by a substantial increase in delivery volume, but the overall trend remains concerning given its historical performance and flat results in the last quarter.