Why is The Invest.Trust falling/rising?

As of 16-Jul, The Investment Trust of India Ltd is experiencing a price increase, currently at 158.30, reflecting a rise of 6.3 or 4.14%. The stock has shown strong performance today, outperforming its sector by 4.37% and achieving a consecutive gain over the last two days with a total return of 6.24%. However, it opened with a loss of 3.98% and touched an intraday low of Rs 145.95, indicating volatility. Over the past week, the stock has gained 9.93%, contrasting with a decline of 1.08% in the Sensex. Despite a year-to-date decline of 18.92%, the stock's profits have risen significantly by 129%, contributing to its attractive valuation with a Price to Book Value of 1.2. However, the stock's long-term fundamentals are weak, with a low average Return on Equity (ROE) of 2.68% and a concerning annual net sales growth rate of -5.03%.
Broader Market Context: In the short term, The Investment Trust of India Ltd has outperformed the benchmark, with a 9.93% increase over the past week compared to the Sensex's decline. Despite this recent uptick, the stock has underperformed over the past year, generating a negative return of -12.30% while the broader market has seen a slight gain of 0.47%. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in its long-term prospects, which may weigh on investor sentiment despite the recent price increase.