Why is Alicon Cast. falling/rising?

As of 28-Aug, Alicon Castalloy Ltd's stock is currently priced at 842.00, reflecting an increase of 9.0 or 1.08%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. Despite opening with a significant loss of 19.33% and touching an intraday low of Rs 672, it has outperformed its sector by 1.21%. Over the past week, the stock has seen a decline of 2.95%, and its year-to-date performance shows a substantial drop of 15.57%. While the company has demonstrated healthy long-term growth with an annual operating profit increase of 61.48%, it has also faced challenges, including a 46% decline in profits over the past year and negative results for the last three consecutive quarters, contributing to its overall underperformance.
Broader market context reveals that the stock's recent performance has been weaker compared to the benchmark, with a 1-month return of -6.44% against the Sensex's -1.00%. The stock has underperformed the BSE500 over the last three years, one year, and three months, indicating a broader trend of declining investor confidence. Despite attractive valuations and a discount compared to peers, the falling investor participation, as evidenced by a 48.83% drop in delivery volume, suggests a lack of interest in the stock. This combination of factors has led to a challenging environment for Alicon Castalloy Ltd, impacting its stock price movement negatively.