Why is Alkem Lab falling/rising?

As of 05-Jun, Alkem Laboratories Ltd is experiencing a decline in its stock price, currently at 4,847.90, with a change of -19.5, representing a decrease of 0.4%. The stock has underperformed its sector by 1.46% today and has been on a downward trend for the last three days, resulting in a total decline of 5.1% during this period. Additionally, the stock's performance over the past week shows a significant drop of 8.95%, while it has also underperformed the benchmark Sensex, which has gained 0.80% over the past month. Despite a high management efficiency indicated by a return on equity (ROE) of 17.69% and a low debt-to-equity ratio, the stock faces challenges such as poor long-term growth, with net sales increasing at an annual rate of only 9.21% over the last five years, and declining promoter confidence as they have reduced their stake by 0.53%.
In the broader market context, Alkem's recent performance contrasts sharply with the Sensex, which has shown a positive return of 4.23% year-to-date, while Alkem's stock has declined by 13.90% in the same timeframe. This divergence highlights the stock's struggles relative to the overall market. The technical indicators suggest a bearish trend, with the stock trading below all key moving averages and a bearish Bollinger Band since June 5, 2025. The combination of these factors, including the flat results reported for March 2025 and the overall bearish sentiment, contributes to the stock's current downward trajectory.