Why is Alkali Metals falling/rising?

As of 29-Aug, Alkali Metals Ltd is experiencing a price increase, currently at Rs 86.78, reflecting a change of 1.29 or 1.51% upward. Today's price summary indicates that the stock has outperformed its sector by 1.96% and has shown a trend reversal after two consecutive days of decline. It opened with a significant gain of 9.88% and reached an intraday high of Rs 93.94, although it has been trading lower than its moving averages across various time frames. Despite this positive movement, the stock has underperformed over the past week and month, with returns of -3.45% and -6.29%, respectively. The company reported positive results in June, with net sales growing by 40.49%, but it also faces significant challenges, including weak long-term fundamental strength and a high percentage of pledged promoter shares, which contribute to its risky profile.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.84% over the past week and 1.88% over the past month, suggesting that while Alkali Metals is rising today, it has still struggled significantly year-to-date with a return of -22.31%. The overall market conditions appear to be challenging, as indicated by the stock's negative returns over the past year and three years, which further emphasizes the volatility and risks associated with Alkali Metals. The high volatility today, with an intraday fluctuation of 9.31%, reflects the uncertainty surrounding the stock, despite the recent positive price movement.