Why is ITL Industries falling/rising?

As of 22-Sep, ITL Industries Ltd is experiencing a price increase, currently at 359.90, reflecting a rise of 10.95 or 3.14%. The stock has shown positive momentum, having gained 5.36% over the last three days and outperforming its sector by 3.64% today. It opened with a gain of 3.14% and reached an intraday high of Rs 364.9, indicating strong short-term performance. However, despite this recent uptick, the stock has underperformed over the past year, with a decline of 29.29%, while its profits have fallen by 4.2%. The company maintains a low Debt to EBITDA ratio of 1.18, suggesting a strong ability to service debt, and is trading at a discount compared to its peers, which may attract some investors.
In the broader market context, ITL Industries has outperformed the Sensex in the short term, with a 1.38% gain over the past week compared to the benchmark's 0.46%. However, the stock's year-to-date performance remains concerning, with a significant decline of 19.45% against the Sensex's 5.15% increase. This disparity highlights the stock's struggles despite recent gains, as it has consistently underperformed the market over the past year. The falling investor participation, indicated by a 59.17% drop in delivery volume, suggests that while the stock may be experiencing a temporary rise, there are underlying concerns regarding its long-term growth potential.