Why is Alacrity Sec. falling/rising?

As of 08-Jul, Alacrity Securities Ltd is currently priced at Rs. 61.89, reflecting an increase of Rs. 0.64 or 1.04%. The stock has recently experienced a trend reversal, gaining after three consecutive days of decline. However, it has hit a new 52-week low of Rs. 57.93 today. Over the past week, the stock has underperformed with a return of -4.20%, and it has significantly lagged behind the benchmark Sensex, which has seen a slight increase of 0.02%. The company is facing challenges, including operating losses and a weak long-term fundamental strength, with a reported net sales figure of Rs. 84.29 crore, which is the lowest in recent quarters. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend.
In the broader market context, while the Sensex has generated a return of 1.85% over the past month and 7.13% year-to-date, Alacrity Securities has seen a substantial decline of 11.27% and 59.46% respectively during the same periods. This stark contrast highlights the stock's underperformance relative to the market. The company's profitability metrics have also deteriorated significantly, with a profit before tax (PBT) falling by 320.50% and a profit after tax (PAT) declining by 615.3%. Despite a return on equity (ROE) of 19.5, the stock is considered expensive with a price-to-book value of 4.7, further contributing to investor skepticism and a decline in participation, as evidenced by an 81.1% drop in delivery volume against the five-day average.