Why is Alkali Metals falling/rising?

As of 08-Sep, Alkali Metals Ltd is experiencing a price increase, with its current price at Rs 90.16, reflecting a rise of Rs 3.86 or 4.47%. The stock has outperformed its sector today by 3.96%, reaching an intraday high of Rs 91.86, which is a 6.44% increase. Over the past week, the stock has shown a positive return of 5.06%, while its performance over the last month is also up by 3.08%. However, it is important to note that the stock is currently below its 50-day, 100-day, and 200-day moving averages, indicating some weakness in longer-term trends. Additionally, there has been a decline in investor participation, with delivery volume falling by 8.12% against the 5-day average, which could suggest a lack of sustained buying interest.
In the broader market context, the stock's short-term performance has significantly outpaced the Sensex, which has only increased by 0.53% over the same week. This indicates that while Alkali Metals is gaining traction in the short term, its year-to-date performance remains concerning, with a decline of 19.28% compared to the Sensex's rise of 3.39%. The contrasting performance over longer periods, such as the 1-year and 3-year returns, highlights the challenges the company faces, as it has underperformed the benchmark significantly. Overall, while the recent price movement is positive, the underlying trends and investor participation suggest caution moving forward.