Why is Alkali Metals falling/rising?

As of 11-Aug, Alkali Metals Ltd is currently priced at 87.00, reflecting a decline of 0.67, or 0.76%. The stock has been underperforming, having lost 4.9% over the last four days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a notable increase in delivery volume, which rose by 117.57% against the 5-day average, the stock's long-term fundamentals are weak, evidenced by a staggering -198.56% CAGR growth in operating profits over the past five years. Additionally, 30.06% of promoter shares are pledged, which can exert further downward pressure in a declining market. The stock has also underperformed significantly over the past year, with a return of -31.71% compared to the broader market's -1.85%.
In the broader market context, Alkali Metals has shown a stark contrast to the benchmark, with a 1-week return of -3.37% compared to the Sensex's -0.51%. This underperformance is indicative of the company's struggles relative to the market, particularly in light of its negative operating profits and low return on equity of 3.08%. While the company reported positive net sales growth of 40.49% in the recent quarter, the overall sentiment remains cautious due to its weak financial health and the high percentage of pledged shares, which contribute to a perception of risk among investors.