Why is Alok Industries falling/rising?

As of 02-Sep, Alok Industries Ltd is experiencing a price increase, with the current price at Rs 18.27, reflecting a rise of Rs 1.03 or 5.97%. Today's price summary indicates that the stock outperformed its sector by 4.98%, reaching an intraday high of Rs 18.99, which is a 10.15% increase. However, despite this short-term gain, the stock has shown a negative performance over the past month, declining by 2.40%, and has significantly underperformed over the year with a drop of 31.32%. The company's financial health is concerning, as it has a negative book value, high debt levels, and has reported negative results for the last five consecutive quarters, leading to a weak long-term fundamental strength.
In the broader market context, Alok Industries' recent performance contrasts with the benchmark, as it has outperformed the Sensex in the short term, which has declined by 0.78% over the past week. However, the stock's long-term performance remains troubling, with a year-to-date decline of 13.17% compared to the Sensex's increase of 2.58%. The company's consistent underperformance against the benchmark over the last three years, coupled with a lack of confidence from domestic mutual funds, suggests that while there may be short-term price movements, the overall outlook remains negative due to fundamental weaknesses.