Why is Alkali Metals falling/rising?

As of 30-Jul, Alkali Metals Ltd is currently priced at 93.80, reflecting an increase of 1.2, or 1.3%. The stock has shown a trend reversal by gaining after five consecutive days of decline, outperforming its sector by 0.26% today. However, despite this short-term gain, the stock has underperformed significantly over the past week and month, with returns of -2.39% and -7.72%, respectively. The company's recent financial performance indicates positive results, with a higher profit after tax of Rs 3.15 crore and net sales growth of 40.49%. Nonetheless, the long-term outlook remains weak due to a -198.56% CAGR growth in operating profits over the last five years and a low return on equity of 3.08%, suggesting low profitability per unit of shareholders' funds.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a one-year return of -28.26% compared to the Sensex's slight gain of 0.03%. This underperformance is compounded by the fact that 30.06% of promoter shares are pledged, which can exert additional downward pressure in a falling market. Furthermore, the stock's liquidity appears adequate for trading, but the significant drop in delivery volume by -43.11% against the five-day average indicates falling investor participation, which could hinder future price recovery. Overall, while there is a short-term uptick in price, the long-term fundamentals and market conditions suggest a challenging environment for Alkali Metals Ltd.