Why is Alok Industries falling/rising?

As of 18-Aug, Alok Industries Ltd is currently priced at 18.04, reflecting an increase of 0.19 or 1.06%. Despite this recent uptick, the stock has shown significant underperformance over various periods, including a decline of 13.44% over the past month and 28.70% over the past year. Today's performance indicates that the stock has been gaining for the last three days, with a total return of 1.41% during this period. However, it has underperformed its sector by 1.31%. The company is facing serious challenges, including a negative book value, high debt levels, and poor long-term growth, which have contributed to its weak fundamentals. The stock's negative EBITDA and the fact that it has reported negative results for the last five consecutive quarters further exacerbate its risk profile.
In the broader market context, while the Sensex has gained 0.83% over the past week, Alok Industries has slightly declined by 0.06%, indicating a lack of momentum compared to the benchmark. The textile sector, in which Alok operates, has seen a gain of 2.43%, highlighting the company's struggle to keep pace with its peers. Additionally, the significant drop in investor participation, with delivery volume falling by 55.97% against the five-day average, suggests a lack of confidence among investors. Overall, while there has been a minor increase in stock price recently, the underlying fundamentals and market conditions indicate a challenging environment for Alok Industries.