Why is Alok Industries falling/rising?

As of 23-Sep, Alok Industries Ltd is currently priced at 18.34, reflecting a decrease of 0.1, or 0.54%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 2.96% during this period. In terms of performance against benchmarks, the stock has underperformed significantly, with a year-to-date decline of 12.83% compared to a 5.07% increase in the Sensex. The company's financial health is concerning, as it has reported negative results for the last five 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 fundamental strength, which has contributed to the stock's recent poor performance.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, as it has declined by 2.76% over the past week while the Sensex has only decreased by 0.34%. This consistent underperformance against the benchmark over the last three years, coupled with a lack of confidence from domestic mutual funds, which hold only 0.45% of the company, suggests that investors are wary of the stock's future prospects. The rising investor participation, indicated by an increase in delivery volume, may not be sufficient to counterbalance the negative sentiment surrounding the company's financial results and overall market performance.