Why is Alliance Integ. falling/rising?

As of 30-Jun, Alliance Integrated Metaliks Ltd is experiencing a price increase, currently at Rs 3.04, reflecting a rise of Rs 0.05 or 1.67%. Despite this uptick, the stock has shown a significant decline over the past week, down 6.46%, and a staggering 68.69% year-to-date. The stock is currently trading 4.61% above its 52-week low of Rs 2.90. Although it has outperformed its sector today, the stock remains below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 43.04% compared to the five-day average. The company’s weak long-term fundamentals, highlighted by a negative book value and a high debt-to-EBITDA ratio of 23.64 times, contribute to a perception of risk among investors.
In the broader market context, the Sensex has gained 2.09% over the past week, contrasting sharply with Alliance Integrated Metaliks' decline. The stock's performance has been underwhelming compared to the benchmark, with a one-year return of -88.19% against the Sensex's positive return of 5.79%. This underperformance is compounded by the company's negative operating profits and low return on equity, which signal challenges in profitability and debt servicing. Overall, while the stock has seen a slight increase today, the long-term outlook remains bleak, and it continues to lag behind broader market trends.