Why is Alok Industries falling/rising?

As of 17-Jul, Alok Industries Ltd is experiencing a price increase, currently at 22.02, which reflects a rise of 1.23 or 5.92%. The stock has shown a strong performance today, outperforming its sector by 5.64% and has been on a consecutive gain for the last two days, accumulating a total return of 6.02% during this period. Over the past week, the stock has risen by 2.80%, and in the last month, it has increased by 11.66%. However, despite this recent uptick, the company faces significant challenges, including a negative book value, poor long-term growth, and a high debt-to-equity ratio, which contribute to its classification as a strong sell. The company has reported negative results for the last four consecutive quarters, with a substantial decline in net sales and profits, indicating underlying financial instability.
In the broader market context, while Alok Industries has shown positive short-term returns, it has underperformed the market over the past year, with a decline of 18.35% compared to a 1.91% gain in the Sensex. This stark contrast highlights the stock's volatility and the market's overall sentiment towards it. Despite recent gains, the stock's long-term outlook remains precarious, as indicated by the low participation from domestic mutual funds, which may reflect a lack of confidence in the company's future performance. Overall, while the stock is currently rising, the underlying financial issues and market performance suggest caution for potential investors.