Why is Alok Industries falling/rising?

As of 14-Aug, Alok Industries Ltd is currently priced at 17.85, reflecting a slight increase of 0.03 or 0.17%. The stock has shown a consecutive gain over the last two days, with a total return of 0.34% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a general downward trend. The stock has underperformed significantly over the past year, with a decline of 28.69% compared to the benchmark, which has seen a modest negative return of 0.57%. Additionally, the company has a negative book value and has reported negative results for the last five consecutive quarters, which contributes to its weak long-term fundamental strength.
In the broader market context, while Alok Industries has outperformed its sector by 1.1% today, its overall performance remains concerning, especially given its substantial decline over the past year and the high debt levels indicated by a debt-to-equity ratio of zero. The falling investor participation, with a delivery volume decrease of 18.58% against the 5-day average, further reflects a lack of confidence among investors. Despite the stock's recent minor uptick, the underlying financial challenges and poor growth prospects suggest that the stock's recovery may be limited in the current market environment.