Why is Alkali Metals falling/rising?

As of 01-Aug, Alkali Metals Ltd is experiencing a decline in its stock price, currently at Rs 89.61, which reflects a decrease of Rs 1.39 or 1.53%. The stock has been on a downward trend, having fallen consecutively for the last two days, with a total return of -4.47% over the past week. Today's trading saw the stock reach an intraday low of Rs 88.21, and it is trading below all its moving averages, indicating a bearish sentiment. Despite a positive performance in net sales and profit after tax in the latest quarter, the company faces significant challenges, including weak long-term fundamentals, a high percentage of pledged promoter shares, and negative operating profits, which contribute to its current price movement.
In the broader market context, Alkali Metals has underperformed compared to the benchmark Sensex, which has seen a decline of only 1.06% over the past week. The stock's year-to-date performance shows a significant drop of -19.78%, contrasting sharply with the Sensex's gain of 3.15%. This underperformance is compounded by a decrease in investor participation, as evidenced by a 21.04% drop in delivery volume against the five-day average. The chemicals sector, in which Alkali Metals operates, has also faced a downturn of -2.02%, further impacting the stock's performance. Overall, the combination of weak fundamentals, negative sentiment in the sector, and poor relative performance to the market has led to the stock's decline.