Why is Alok Industries falling/rising?

As of 18-Jul, Alok Industries Ltd's stock price is currently at Rs 20.84, reflecting a decline of Rs 1.18 or 5.36%. The stock has underperformed its sector by 4.52% today and opened with a significant loss of 4.68%. After two consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 20.63, which represents a drop of 6.31%. Over the past week, the stock has shown a slight increase of 0.14%, but it has significantly underperformed over the last year with a return of -19.54%, compared to a modest gain of 0.51% for the benchmark index. The company has been facing challenges, including negative results for the last five consecutive quarters, a high debt-to-equity ratio, and a negative book value, which contribute to its weak long-term fundamental strength.
In the broader market context, while the stock has shown a slight positive return in the past week, it has lagged behind the benchmark index, which has seen a decline of 0.90% in the same period. The company's poor financial performance, including a significant drop in net sales and profits, has led to a lack of confidence among investors, as evidenced by the low stake held by domestic mutual funds. This lack of institutional support, combined with the stock's risky trading status compared to historical valuations, indicates a challenging environment for Alok Industries, contributing to its recent price decline.