Why is Alankit falling/rising?

As of 17-Sep, Alankit Ltd's stock price is currently at 13.61, reflecting a decrease of 0.16, or 1.16%. The stock has been underperforming, having fallen for the last two days with a total decline of 2.16% during this period. Additionally, Alankit is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In terms of returns, the stock has significantly underperformed the benchmark Sensex over various periods, with a year-to-date decline of 37.80% compared to the Sensex's gain of 5.83%. Although there has been a notable increase in investor participation, with delivery volume rising by 130.58% against the 5-day average, the overall sentiment remains negative.
Broader Market Context: In the short term, Alankit's performance has been markedly worse than the Sensex, which has gained 1.56% over the past week while Alankit has declined by 2.58%. This stark contrast highlights the stock's struggles in the current market environment. The broader market appears to be experiencing positive momentum, contrasting with Alankit's ongoing decline, which may be contributing to investor caution and further downward pressure on the stock price.