Why is Alok Industries falling/rising?

As of 11-Jul, Alok Industries Ltd's stock price is currently at 20.81, reflecting a decline of 0.61, or 2.85%. The stock has underperformed its sector today by 1.33% and has been on a downward trend for the last three days, accumulating a total loss of 6.09%. Over the past week, the stock has shown a slight increase of 3.43%, but it has experienced a significant decline of 23.97% over the past year. The company has reported negative results for the last four consecutive quarters, with a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamental strength. Additionally, the stock's delivery volume has decreased by 35.12% compared to the five-day average, suggesting falling investor participation.
In the broader market context, while the BSE500 index has generated a return of 0.52% over the past year, Alok Industries has significantly underperformed with a return of -23.97%. This stark contrast highlights the company's struggles, as it has not only failed to keep pace with the market but has also shown poor growth metrics, including a net sales decline of 9.8% in the last quarter. The limited interest from domestic mutual funds, holding only 0.43% of the company, further suggests a lack of confidence in its future performance, contributing to the stock's downward trajectory.