Why is Alok Industries falling/rising?

As of 22-Sep, Alok Industries Ltd is experiencing a decline in its stock price, currently at 18.44, reflecting a decrease of 0.44 or 2.33%. The stock has underperformed its sector by 1.62% today and has been on a downward trend for the last three days, accumulating a total decline of 2.43% during this period. Over the past week, the stock has decreased by 1.91%, while it has shown a modest increase of 1.26% over the past month. However, 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's negative book value and high debt levels contribute to its weak long-term fundamentals, further impacting investor confidence and participation, as evidenced by a significant drop in delivery volume.
In the broader market context, Alok Industries has consistently underperformed against the benchmark, with a year-to-date return of -12.36% compared to the Sensex's gain of 5.15%. The stock's long-term performance is also concerning, as it has generated a return of -27.43% over the past year, while the benchmark has only declined by 2.82%. This consistent underperformance, coupled with a lack of interest from domestic mutual funds, indicates a lack of confidence in the company's future prospects, which is reflected in the stock's current price movement.