Why is Alok Industries falling/rising?

As of 06-Aug, Alok Industries Ltd is experiencing a decline in its stock price, currently at 18.52, reflecting a decrease of 0.35, or 1.85%. The stock has been losing value for the last two days, with a total drop of 2.32% during this period. Over the past week, the stock has fallen by 4.54%, and its year-to-date performance shows a significant decline of 11.98%. Additionally, the stock's delivery volume has decreased by 28.45% compared to the five-day average, indicating falling investor participation. The stock is currently trading above its 100-day moving average but below its shorter-term moving averages, suggesting a mixed technical outlook.
In the broader market context, the Sensex has only declined by 1.15% over the past week, indicating that Alok Industries is underperforming relative to the benchmark. The textile sector, in which Alok operates, has also seen a decline of 2.05%, contributing to the negative sentiment surrounding the stock. Over the past month, Alok Industries has dropped 7.95%, while the Sensex has decreased by 3.46%, further highlighting the stock's struggles in comparison to the overall market. The significant underperformance over various time frames, including a 26.39% decline over the past year, underscores the challenges faced by the company in a difficult market environment.