Why is ITL Industries falling/rising?

As of 24-Oct, ITL Industries Ltd is currently priced at 321.50, reflecting a decrease of 4.4 points or 1.35%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.39% during this period. Although the stock opened with a gain of 5.69% today and reached an intraday high of Rs 344.45, it is still trading below all key moving averages, indicating a bearish trend. Additionally, while there has been a significant increase in investor participation with delivery volume rising by 824.36% compared to the 5-day average, the overall performance over the past week and month shows declines of 5.05% and 8.68%, respectively.
In the broader market context, ITL Industries' recent performance contrasts sharply with the Sensex, which has gained 0.31% over the past week and 3.05% over the past month. Year-to-date, ITL Industries has seen a substantial decline of 28.04%, while the Sensex has increased by 7.77%. This stark difference highlights the stock's struggles relative to the broader market, contributing to its downward price movement. The absence of any positive factors in the provided data further emphasizes the challenges faced by the company in the current market environment.