Why is Alankit falling/rising?

As of 23-Jul, Alankit Ltd's stock price is currently at 15.72, reflecting a decrease of 0.04, or 0.25%. The stock has been on a downward trend, having underperformed its sector by 0.79% today and experiencing a consecutive fall for the last eight days, resulting in a total decline of 7.69% during this period. Over the past year, the stock has generated a return of -34.06%, while its profits have increased by 4.8%. Despite a fair valuation indicated by a Return on Equity (ROE) of 7.6 and a Price to Book Value of 1.4, the stock is trading at a premium compared to its peers, which may contribute to investor hesitance. Additionally, the stock's liquidity appears adequate, but there has been a notable decline in delivery volume, down 29.97% against the five-day average.
In the broader market context, Alankit's short-term performance has been significantly weaker than the benchmark, with a one-week return of -5.53% compared to the Sensex's slight gain of 0.11%. This underperformance is compounded by the stock's negative returns over the past year and three years, indicating a lack of investor confidence. The company's flat results and reliance on non-operating income, which constitutes 54.53% of Profit Before Tax, further highlight its weak long-term fundamental strength. Overall, these factors suggest that Alankit is experiencing a decline in stock price due to both internal challenges and unfavorable comparisons to market benchmarks.