Why is Alankit falling/rising?

As of 18-Jul, Alankit Ltd's stock price is currently at 15.95, reflecting a decrease of 0.18, or 1.12%. The stock has been on a downward trend, having underperformed its sector by 0.83% today and experiencing a consecutive decline over the last five days, resulting in a total return of -6.34% during this period. Additionally, the stock's performance over the past year shows a significant decline of -34.63%, despite a modest profit increase of 4.8%. The stock is trading at a premium compared to its peers, with a fair valuation indicated by a Price to Book Value of 1.5, but it suffers from weak long-term fundamentals, as evidenced by an average Return on Equity (ROE) of 7.86%.
In the broader market context, Alankit's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has shown a slight decline of only 0.90% over the same one-week period. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 39.91% against the five-day average suggests waning investor interest. Overall, the combination of poor short-term returns, weak long-term fundamentals, and declining investor participation contributes to the stock's current downward trajectory.