Why is Alok Industries falling/rising?

As of 29-Aug, Alok Industries Ltd is currently priced at 17.41, reflecting an increase of 0.05 or 0.29%. The stock has shown a trend reversal by gaining after six consecutive days of decline, outperforming its sector by 0.99% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance. Over the past week, the stock has decreased by 4.39%, and it has underperformed significantly over longer periods, with a year-to-date decline of 17.25% and a staggering 37.42% drop over the past year. The company has reported negative results for the last five consecutive quarters, with net sales and profit after tax both declining by 23.84%. Furthermore, the company's negative book value and high debt levels contribute to its weak long-term fundamental strength, making it a risky investment.
In the broader market context, while the Sensex has seen a slight decline of 1.84% over the past week, Alok Industries' performance has been notably worse, indicating a significant underperformance relative to the benchmark. The stock's liquidity is adequate for trading, but the falling investor participation, as evidenced by a 2.1% decrease in delivery volume, suggests waning interest among investors. Additionally, domestic mutual funds hold a minimal stake in the company, which may reflect a lack of confidence in its future prospects. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and broader market conditions indicate a challenging environment for Alok Industries.