Why is Alok Industries falling/rising?

As of 24-Sep, Alok Industries Ltd is experiencing a decline in its stock price, currently at 18.02, reflecting a decrease of 0.32 or 1.74%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 4.66% over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company's financial health is concerning, with a negative book value and a high debt-to-equity ratio, which contributes to its weak long-term fundamental strength. Over the past six months, net sales and profit after tax have both decreased by 23.84%, indicating significant operational challenges. Furthermore, the stock has consistently underperformed against the benchmark, generating a return of -29.44% over the past year compared to the BSE500's -3.77%.
In the broader market context, Alok Industries' short-term performance has been notably weaker than the benchmark, with a 1-week return of -4.66% compared to the Sensex's -1.18%. This underperformance is compounded by a significant drop in investor participation, as evidenced by a 35.98% decrease in delivery volume against the 5-day average. The lack of confidence from domestic mutual funds, which hold only 0.45% of the company, further reflects the market's cautious stance towards Alok Industries. Overall, the combination of poor financial results, high debt levels, and consistent underperformance against market benchmarks has led to a negative sentiment surrounding the stock, contributing to its recent decline.