Why is Alankit falling/rising?

As of 17-Jul, Alankit Ltd's stock price is currently at 16.13, reflecting a decrease of -0.51, or -3.06%. The stock has been underperforming, having lost -5.28% over the last four days, and it has underperformed its sector by -2.73% today. In terms of returns, the stock has generated a -34.40% return over the past year, which is significantly lower than the benchmark's performance. Although the stock has a fair valuation with a Price to Book Value of 1.5 and a Return on Equity (ROE) of 7.6, it is trading at a premium compared to its peers. The stock's long-term fundamentals appear weak, as indicated by the flat results in March and the high proportion of non-operating income in its profits.
Broader market context shows that while Alankit has had a positive return of +7.25% over the past month, it has still underperformed the benchmark, which has gained +0.83% in the same period. The stock's liquidity is adequate for trading, but there has been a notable decline in investor participation, with delivery volume dropping by -52.03% against the five-day average. This decline in participation, combined with the stock's poor long-term performance and recent consecutive falls, suggests a lack of confidence among investors, contributing to its current downward price movement.