Why is Alkali Metals falling/rising?

As of 24-Sep, Alkali Metals Ltd is currently priced at 95.02, reflecting a decline of 0.61, or 0.64%. The stock has been experiencing a downward trend, having lost 1.01% over the last two days. In terms of performance, the stock has underperformed the benchmark Sensex, with a 1-week return of -2.24% compared to the Sensex's -1.18%. Although there was a positive growth in net sales and profit after tax in the recent quarter, the company faces significant 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, the stock's performance has been notably poor over the long term, with a year-to-date return of -14.93% compared to the Sensex's positive return of 4.58%. While the stock has shown some resilience with a 5.72% gain over the past month, it still lags behind the benchmark's 0.50% increase. The rising investor participation, as evidenced by an 81.32% increase in delivery volume, may provide some support, but the overall sentiment remains cautious due to the company's negative operating profits and the high percentage of pledged shares.