Why is Alok Industries falling/rising?

As of 09-Sep, Alok Industries Ltd is experiencing a decline in its stock price, currently at 18.12, which reflects a decrease of 0.08 or 0.44%. The stock has underperformed its sector by 0.46% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 0.98% during this period. Over the past week, the stock has decreased by 0.82%, while its performance over the last year shows a significant decline of 31.96%. The company has reported negative results for the last five consecutive quarters, with net sales and profit after tax both declining by 23.84%. Additionally, the company has a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamentals, which further contributes to the stock's poor performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.18% over the past week and 3.79% year-to-date. This consistent underperformance against the benchmark highlights the challenges faced by Alok Industries, particularly in light of its negative EBITDA and low investor participation, as evidenced by a 43.11% drop in delivery volume compared to the five-day average. The limited interest from domestic mutual funds, holding only 0.45% of the company, suggests a lack of confidence in the stock's current valuation and business prospects, further exacerbating its downward trajectory.