Why is Alkali Metals falling/rising?

As of 12-Aug, Alkali Metals Ltd is currently priced at 87.25, reflecting a slight increase of 0.25 or 0.29%. The stock has shown a trend reversal, gaining after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite outperforming its sector by 1.11% today, the stock has underperformed significantly over the past week, month, and year, with returns of -4.62%, -10.10%, and -30.67%, respectively. The company reported positive results in June, with net sales growing by 40.49%, but it also faces significant challenges, including a weak long-term fundamental strength and a high percentage of pledged promoter shares, which could exert downward pressure on the stock.
In the broader market context, while the Sensex has shown a minor decline of 0.59% over the past week, Alkali Metals' performance has been notably worse, indicating a lack of investor confidence. The stock's year-to-date performance is down by 21.89%, contrasting sharply with the Sensex's gain of 2.68%. This underperformance, coupled with a poor EBIT to interest ratio and low return on equity, suggests that investors are cautious about the company's ability to generate sustainable profits. Overall, the combination of recent positive sales growth and ongoing fundamental weaknesses contributes to the stock's mixed performance, leading to its current price movement.