Why is Alok Industries falling/rising?

As of 12-Aug, Alok Industries Ltd is experiencing a decline in its stock price, currently at 17.79, reflecting a decrease of 0.26 or 1.44%. The stock has underperformed its sector by 0.87% today and has been on a consecutive downward trend for the last two days, resulting in a total loss of 1.66% during this period. Over the past week, the stock has fallen by 5.72%, and its performance over the last month shows a significant decline of 14.51%. The company has reported negative results for the last five consecutive quarters, with net sales and profit after tax both declining by 23.84%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 15.84% against the five-day average.
In the broader market context, Alok Industries has significantly underperformed compared to the benchmark, with a year-to-date return of -15.45% against the Sensex's gain of 2.68%. The stock's long-term fundamentals are weak, characterized by a negative book value and high debt levels, which contribute to its risk profile. The company's poor growth metrics, including a low debtors turnover ratio and minimal mutual fund interest, further exacerbate investor concerns. Overall, the combination of negative financial results, weak investor sentiment, and a lack of confidence from institutional investors has led to the stock's continued decline.