Why is Alfa Ica (I) falling/rising?

As of 08-Jul, Alfa Ica (India) Ltd is experiencing a decline in its stock price, currently at Rs 96.50, reflecting a decrease of Rs 4.9 or 4.83%. The stock has been underperforming, having fallen for three consecutive days with a total return drop of 17.69% during this period. Although it opened with a gain of 3.55% today and reached an intraday high of Rs 105, it ultimately closed lower, indicating a significant sell-off. The stock's recent performance shows a strong return of 41.91% over the past year, but profits have decreased by 14.8%, raising concerns about its long-term growth potential. Additionally, while the stock is trading at a discount compared to its peers, the weak long-term fundamental strength, highlighted by a high Debt to EBITDA ratio and low growth rates in net sales and operating profit, may be contributing to the current downward trend.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.02% over the past week, while Alfa Ica's stock rose by 18.32%. However, the recent decline suggests a shift in investor sentiment, possibly influenced by falling participation, as evidenced by a 71.33% drop in delivery volume compared to the five-day average. Despite the stock's strong long-term performance relative to the BSE500, the current market dynamics and concerns over its financial health appear to be weighing heavily on investor confidence, leading to the recent price decline.