Why is Alembic falling/rising?

As of 24-Sep, Alembic Ltd's stock price is currently at 104.40, reflecting a slight decrease of 0.05, or 0.05%. The stock has been on a downward trend, having fallen for the last six consecutive days, resulting in a total decline of 3.24% during this period. In the past week, Alembic has underperformed the market, with a return of -2.88% compared to the Sensex's -1.18%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Despite a healthy long-term growth rate in operating profit, the company reported flat results in June, with net sales and profit before tax at their lowest levels. The stock's valuation appears expensive relative to its peers, and the lack of domestic mutual fund investment suggests a lack of confidence in its current price.
Broader market context indicates that while the overall market has seen a slight decline, Alembic's performance has been significantly worse, with a year-to-date return of -21.06% compared to the Sensex's positive return of 4.58%. This stark contrast highlights the stock's underperformance, as it has not only lagged behind the broader market but also experienced a more substantial decline over the past year. The falling investor participation, evidenced by a significant drop in delivery volume, further underscores the challenges facing Alembic Ltd in attracting investor interest amidst a generally negative sentiment surrounding its stock.