Why is Alok Industries falling/rising?

As of 09-Jul, Alok Industries Ltd is currently priced at 21.80, reflecting a decrease of 0.36 or 1.62%. Despite a recent performance that shows a 6.13% increase over the past week and an 11.68% rise over the past month, the stock has underperformed today by 1.61% against its sector. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some positive momentum. However, the company faces significant challenges, including a negative book value, poor long-term growth rates, and a high debt-to-equity ratio. Additionally, the company has reported negative results for the last four consecutive quarters, with a substantial decline in net sales and profits, which contributes to a perception of risk among investors.
In the broader market context, while the Sensex has only increased by 0.15% over the past week, Alok Industries' short-term performance of +6.13% suggests some relative strength. However, the stock has significantly underperformed the market over the past year, with a return of -21.86% compared to the BSE500's positive return of 1.43%. This stark contrast highlights the ongoing struggles of Alok Industries, as reflected in its low domestic mutual fund ownership, which may indicate a lack of confidence in the company's future prospects. Overall, the combination of negative financial indicators and poor market performance contributes to the stock's current downward movement.