Why is Alliance Integ. falling/rising?

As of 26-Jun, Alliance Integrated Metaliks Ltd's stock price is currently at Rs. 3.00, reflecting a decline of -0.1, or -3.23%. The stock has been underperforming significantly, with a new 52-week low of Rs. 2.9 reached today. It has experienced a consecutive fall over the last three days, resulting in a total decline of -7.69%. The stock's performance has been poor over various periods, with a staggering -89.03% return over the past year and -25.00% over the last month, while it has also underperformed the BSE 500 index in the last three years, one year, and three months. The company faces challenges such as a negative book value, a high debt-to-EBITDA ratio of 23.64 times, and low profitability, as indicated by an average return on equity of only 0.10%.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a -10.18% return over the past week compared to a +2.94% gain in the Sensex. This stark contrast highlights the stock's struggles relative to the overall market. Despite a slight increase in investor participation, as evidenced by a 4.02% rise in delivery volume, the overall sentiment remains negative due to the company's weak long-term fundamentals and negative operating profits. The combination of these factors contributes to the stock's continued decline, indicating a challenging environment for Alliance Integrated Metaliks Ltd.