Why is Alankit falling/rising?

As of 04-Aug, Alankit Ltd's stock price is currently at 15.35, reflecting a slight increase of 0.02 (0.13%). The stock has been gaining for the last three days, with a total return of 1.25% during this period. However, it has underperformed its sector by 1.49% today. Over the past week, Alankit has shown a return of +0.99%, but it has experienced a significant decline of -41.66% over the past year, indicating weak long-term performance. The stock is trading at a premium compared to its peers, despite a fair valuation with a Price to Book Value of 1.4. Additionally, the company has seen a rise in profits by 4.8% over the past year, but the overall weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 7.86%, raises concerns.
In the broader market context, Alankit's short-term performance has been relatively better than the benchmark Sensex, which has only increased by 0.16% over the same week. However, the stock's year-to-date performance is notably poor, with a decline of -29.84% compared to the Sensex's gain of +3.69%. This stark contrast highlights the challenges Alankit faces in attracting investor confidence, particularly as it has underperformed the market significantly over the last year. The falling investor participation, as evidenced by a decrease in delivery volume, further compounds the stock's struggles, suggesting that market sentiment remains cautious despite recent gains.