Why is Alankit falling/rising?

As of 07-Oct, Alankit Ltd's stock price is currently at Rs. 12.31, reflecting a decline of Rs. 0.65 or 5.02%. The stock has recently hit a new 52-week low of Rs. 12.25 and has underperformed its sector by 5.19%. Additionally, Alankit is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also seen a significant drop in investor participation, with delivery volume decreasing by 24.72% compared to the 5-day average. Over the past week, the stock has fallen by 5.31%, and year-to-date, it has decreased by 43.74%, while the one-year return shows a decline of 44.10%. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader market context indicates that while Alankit Ltd is experiencing a downturn, the benchmark index, Sensex, has risen by 2.07% over the past week. This stark contrast highlights the underperformance of Alankit relative to the broader market. In the last month, Alankit has decreased by 12.13%, while the Sensex has gained 1.51%. The significant disparity in performance suggests that Alankit is struggling to attract investor confidence amidst a generally positive market environment.