Why is Alkali Metals falling/rising?

As of 19-Sep, Alkali Metals Ltd is experiencing a decline in its stock price, currently at Rs 94.60, which represents a decrease of Rs 1.64 or 1.7%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 2.67% during this period. Despite a positive performance over the past week and month, with returns of 1.34% and 4.84% respectively, the stock has significantly underperformed the broader market in the long term, showing a year-to-date decline of 15.31%. The company has reported positive net sales growth of 40.49% in the last quarter, but it also faces serious challenges, including a weak long-term fundamental strength indicated by a -198.56% CAGR growth in operating profits over the last five years and a low return on equity of 3.08%. Additionally, 30.06% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, while the Sensex has shown a modest gain of 0.88% over the past week, Alkali Metals has underperformed this benchmark, highlighting its struggles relative to the overall market. The stock's liquidity appears adequate for trading, but a notable decline in investor participation, with delivery volume falling by 12.58% against the five-day average, suggests waning interest among investors. The combination of negative operating profits, high pledged shares, and poor profitability metrics contributes to the stock's downward trajectory, reinforcing the perception of it being a risky investment.