Why is Alembic falling/rising?

As of 23-Sep, Alembic Ltd's stock price is currently at 104.45, reflecting a decrease of 0.55, or 0.52%. The stock has been on a downward trend, losing 3.2% over the past week and has experienced five consecutive days of decline. It is trading below its moving averages across various time frames, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 28.34% compared to the five-day average. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the company has reported flat results, with net sales and profit before tax at their lowest for the quarter. The stock's valuation appears expensive relative to its peers, and domestic mutual funds hold no stake, suggesting a lack of confidence in the stock's current price.
In the broader market context, Alembic Ltd has underperformed compared to the benchmark Sensex, which has seen a slight decline of 0.34% over the past week, while Alembic's performance has been significantly worse at -3.20%. Over the past year, Alembic's stock has fallen by 27.24%, contrasting sharply with the Sensex's decline of only 3.33%. This stark difference highlights the stock's struggles in a market that has not been as adversely affected. The overall market sentiment may be contributing to the stock's continued decline, as it has not only lagged behind the benchmark but has also shown a more pronounced negative return, indicating investor concerns about its future performance.