Why is Alacrity Sec. falling/rising?

As of 18-Jul, Alacrity Securities Ltd is experiencing a decline in its stock price, currently at Rs 58.40, which reflects a decrease of Rs 1.37 or 2.29%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.59%. It is currently trading close to its 52-week low, just 4.95% above Rs 55.51. The stock's performance over the past week shows a decrease of 1.18%, and over the past month, it has dropped significantly by 13.88%. The company's financials indicate a troubling trend, with operating losses and a net sales figure at its lowest, contributing to a weak long-term fundamental strength. The recent quarterly profit after tax has plummeted by 615.3%, further exacerbating investor concerns.
In the broader market context, Alacrity Securities Ltd has underperformed compared to the benchmark Sensex, which has shown a slight increase of 0.38% over the past month. The stock's year-to-date performance is particularly concerning, with a staggering decline of 61.74% compared to the Sensex's gain of 4.63%. This stark contrast highlights the stock's struggles in attracting investor interest, as evidenced by a significant drop in delivery volume by 82.1% against the five-day average. The company's high price-to-book value ratio of 4.4, coupled with a return on equity of 19.5, suggests that the stock may be overvalued, further deterring potential investors amidst its ongoing operational challenges.