Why is Alankit falling/rising?

As of 14-Jul, Alankit Ltd's stock price is currently at 17.00, reflecting a decrease of 0.03, or 0.18%. The stock has recently underperformed its sector by 0.26% and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has shown a positive return of 4.81%, while it has increased by 10.53% over the past month. Despite these short-term gains, the stock has significantly underperformed over the past year, with a return of -27.97%. The company's return on equity (ROE) stands at 7.6, indicating fair valuation, but it is trading at a premium compared to its peers. Additionally, while profits have risen by 4.8% over the past year, the stock's long-term fundamental strength appears weak, contributing to its recent price decline.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has gained 1.40% over the past month and 5.27% year-to-date. The stock's liquidity is adequate for trading, but its long-term performance has been disappointing, with a significant underperformance compared to the market over the last year. This underperformance is highlighted by the fact that while the broader market (BSE500) has generated returns of 0.26% in the last year, Alankit has seen a substantial negative return. The combination of weak long-term fundamentals, a high reliance on non-operating income, and a recent trend reversal contributes to the stock's current downward movement.