Why is Alankit falling/rising?

As of 06-Nov, Alankit Ltd's stock price is currently at Rs 11.43, reflecting a decline of Rs 0.47 or 3.95%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.46% over the past week. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.49% away from Rs 11.26. Investor participation has decreased significantly, with delivery volume dropping by 47.53% compared to the 5-day average, which further suggests a lack of confidence among investors.
In the broader market context, Alankit's performance has been notably weaker than the benchmark Sensex, which has only declined by 1.30% over the past week while Alankit has dropped by 5.46%. Over the past month, Alankit has seen a substantial decline of 11.81%, contrasting sharply with the Sensex's gain of 1.86%. Year-to-date, Alankit has plummeted by 47.76%, while the Sensex has risen by 6.62%. This stark difference in performance highlights the challenges Alankit faces in the current market environment, contributing to its ongoing price decline.