Why is Alok Industries falling/rising?

As of 13-Aug, Alok Industries Ltd is currently priced at 17.82, reflecting a slight increase of 0.03, or 0.17%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite a rise in delivery volume by 11.28% against the 5-day average, the company faces significant challenges, including a negative book value and poor long-term growth metrics, with net sales declining by 23.84% over the last six months. Additionally, the company has reported negative results for the last five consecutive quarters, leading to a perception of high risk among investors.
In the broader market context, Alok Industries has underperformed significantly compared to the benchmark, with a one-year return of -28.95% against a market return of only -0.64%. This stark contrast highlights the company's struggles, as domestic mutual funds hold a minimal stake of just 0.45%, suggesting a lack of confidence in the stock's future performance. The company's high debt levels and negative EBITDA further contribute to its weak long-term fundamental strength, making it a risky investment in the current market environment.