Why is Alankit falling/rising?

As of 15-Jul, Alankit Ltd's stock price is currently at 16.82, reflecting a decrease of 0.18, or 1.06%. The stock has been underperforming, having lost 1.23% over the last two days and showing a performance today that is 1.87% lower than its sector. In terms of returns, the stock has generated a negative return of 26.45% over the past year, while its profits have increased by 4.8%. Despite a fair valuation indicated by a Price to Book Value of 1.5 and a Return on Equity (ROE) of 7.6, the stock is trading at a premium compared to its peers. The weak long-term fundamental strength, highlighted by an average ROE of 7.86%, and the reliance on non-operating income, which constitutes 54.53% of Profit Before Tax, contribute to the stock's declining performance.
In the broader market context, Alankit Ltd has outperformed the Sensex in the short term, with a 5.13% gain over the past week compared to a 1.36% decline in the benchmark. However, the stock's year-to-date performance is significantly worse than the Sensex, with a decline of 23.13% against a 5.67% increase for the index. The stock's liquidity appears adequate for trading, but a notable drop in delivery volume by 43.33% against the 5-day average suggests waning investor interest, further complicating its outlook. Overall, the combination of weak long-term fundamentals and recent underperformance relative to benchmarks indicates a challenging environment for Alankit Ltd.