Why is Alok Industries falling/rising?

As of 01-Aug, Alok Industries Ltd is experiencing a decline in its stock price, currently at 18.72, which reflects a decrease of 0.28 or 1.47%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 3.51%. Over the past week, the stock has decreased by 6.02%, and on a year-to-date basis, it has dropped 11.03%. Key negative factors contributing to this decline include the company's negative book value, poor long-term growth metrics, and a high debt-to-equity ratio. Additionally, the company has reported negative results for the last five consecutive quarters, with net sales and profit after tax both showing significant declines.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex only declining by 1.06% over the past week while Alok Industries fell by 6.02%. This stark contrast indicates that the stock is not only underperforming relative to the market but also reflects a lack of confidence from investors, as evidenced by the low participation from domestic mutual funds, which hold only 0.45% of the company. The textile sector itself has also faced challenges, with a decline of 2.93%, further compounding the difficulties for Alok Industries. Overall, the combination of weak fundamentals, poor recent performance, and unfavorable market conditions is driving the stock's downward trajectory.