Why is Alok Industries falling/rising?

As of 12-Sep, Alok Industries Ltd is experiencing a decline in its stock price, currently at 18.54, reflecting a decrease of 0.21 or 1.12%. The stock has underperformed its sector today by 0.54%, following a trend reversal after two consecutive days of gains. Although the stock has shown a positive return of 1.31% over the past week and 4.22% over the past month, it has significantly underperformed over the longer term, with a year-to-date decline of 11.88% and a staggering 28.83% drop over the past year. The company's negative financial indicators, including a negative book value, poor long-term growth, and a high debt-to-equity ratio, contribute to its weak performance. Additionally, the company has reported negative results for the last five consecutive quarters, which has further eroded investor confidence.
In the broader market context, the Sensex has shown a slight increase of 1.48% over the past week and 2.08% over the past month, indicating that while the market is generally performing well, Alok Industries is lagging behind. The stock's performance is particularly concerning given its negative EBITDA and the fact that domestic mutual funds hold only a minimal stake, suggesting a lack of confidence in the company's prospects. Overall, the combination of poor financial health, negative growth trends, and underperformance relative to both the sector and the broader market has led to the stock's current decline.