Why is Alacrity Sec. falling/rising?

As of 17-Jul, Alacrity Securities Ltd is experiencing a decline in its stock price, currently at Rs 59.77, down by 0.18 or 0.3%. The stock has underperformed significantly, with a 1-week return of -1.53% compared to the Sensex's -1.12%. Over the past month, it has dropped by 13.25%, while the Sensex has gained 0.83%. The stock is currently trading close to its 52-week low, just 4.46% above Rs 55.51, and has shown weak performance today, touching an intraday low of Rs 57.61. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The company has reported operating losses, with a PAT of Rs -5.15 crore, and its net sales are at their lowest, contributing to a weak long-term fundamental strength.
In the broader market context, Alacrity Securities has underperformed the market significantly over the past year, generating a return of -29.89% while the BSE500 has returned 0.26%. This stark contrast highlights the stock's struggles relative to the market. The decline in investor participation, with a 36.73% drop in delivery volume, further exacerbates the situation, indicating a lack of confidence among investors. The company's high price-to-book value of 4.4, combined with its negative financial performance, suggests that the stock is overvalued, contributing to its downward movement.