Why is Alankit falling/rising?

As of 23-Sep, Alankit Ltd's stock price is currently at 13.47, reflecting a decrease of 0.16, or 1.17%. The stock has underperformed its sector by 1.5% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has declined significantly, with a delivery volume of 2.13 lacs on 22 September, which is down by 53.7% compared to the 5-day average. Over the past week, the stock has decreased by 2.18%, and it has experienced a substantial decline of 38.44% year-to-date, indicating ongoing negative momentum.
In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, which suggests that while Alankit is underperforming, the overall market is also experiencing some downward pressure. However, Alankit's year-to-date performance is significantly worse than the Sensex, which has gained 5.07% during the same period. This stark contrast highlights the challenges Alankit faces in attracting investor confidence, particularly in light of its poor returns over the past year and the lack of positive factors to counterbalance its recent performance.