Why is Alok Industries falling/rising?

As of 10-Jul, Alok Industries Ltd is currently priced at 21.42, reflecting a decline of 0.38, or 1.74%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 3.34%. Despite trading above its moving averages for various periods, the stock's performance today has lagged behind its sector by 1.44%. Over the past week, Alok Industries has shown a positive return of 5.93%, but its year-to-date performance remains low at 1.81%, especially when compared to the broader market, which has seen a gain of 6.46% year-to-date. The company has also reported negative results for the last four consecutive quarters, with a significant decline in net sales and a negative book value, indicating weak long-term fundamentals.
In the broader market context, while Alok Industries has managed to outperform the Sensex in the short term with a 5.93% increase over the past week, its overall performance remains concerning, particularly with a one-year return of -22.14% compared to the Sensex's gain of 4.09%. This stark underperformance suggests that investor confidence is waning, as evidenced by a decrease in delivery volume and low domestic mutual fund holdings, which may indicate a lack of comfort with the stock's current price and business outlook. The high debt levels and negative EBITDA further contribute to the stock's risk profile, making it less attractive to investors in the current market environment.