Why is Alkali Metals falling/rising?

As of 12-Sep, Alkali Metals Ltd is experiencing a rise in its stock price, currently at Rs 93.35, reflecting an increase of Rs 4.3 or 4.83%. The stock has shown a positive performance today, outperforming its sector by 3.95% and reversing a two-day decline. It opened with a gain of 4.01% and reached an intraday high of Rs 102, marking a significant increase of 14.54%. However, despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date decline of 16.43% and a one-year drop of 25.11%. Positive factors include a notable growth in net sales and a higher profit after tax, but these are overshadowed by weak long-term fundamentals, including negative operating profits and a high percentage of pledged promoter shares, which contribute to the stock's riskiness.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only increased by 1.48% over the past week, while Alkali Metals has risen by 8.17% in the same period. This indicates a stronger short-term recovery for Alkali Metals compared to the benchmark. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over various time frames, including a significant decline in the past year. The combination of short-term gains against a backdrop of long-term challenges suggests that while the stock may be rising temporarily, fundamental issues persist that could affect its sustainability.