Why is Alok Industries falling/rising?

As of 14-Jul, Alok Industries Ltd's stock price is currently at 20.80, reflecting a slight decline of -0.01 (-0.05%). The stock has been underperforming recently, having lost -6.14% over the last four days. Despite outperforming its sector by 0.47% today, the stock's performance over the past week shows a gain of +3.64%, while it has underperformed the benchmark Sensex, which has declined by -1.42% in the same period. The company has 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 fundamental strength. Additionally, the stock is trading at risky valuations, and domestic mutual funds hold only a minimal stake, suggesting a lack of confidence in the company's prospects.
In the broader market context, while the stock has shown some short-term gains, it has significantly underperformed the market over the past year, with a return of -23.05% compared to the Sensex's gain of +2.15%. This stark contrast highlights the challenges Alok Industries faces in attracting investor interest, particularly given its high debt levels and poor growth metrics. The falling investor participation, evidenced by a 59.57% drop in delivery volume, further underscores the lack of confidence in the stock, contributing to its overall decline in price.