Why is Alok Industries falling/rising?

As of 18-Nov, Alok Industries Ltd is experiencing a decline in its stock price, currently at 17.07, which reflects a decrease of 0.24 or 1.39%. The stock has underperformed its sector by 1.64% today and has been on a consecutive fall for the last two days, accumulating a total decline of 1.44% in that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Alok Industries has generated a return of -17.22%, indicating poor performance compared to the benchmark, which has seen a positive return of 9.48%. The company also has a negative book value and a high debt-to-equity ratio, which contributes to its weak long-term fundamental strength.
In the broader market context, while the Sensex has shown a positive return of 0.96% over the past week, Alok Industries has seen a slight decline of 0.29% in the same timeframe. This underperformance is further emphasized by the fact that domestic mutual funds hold only a minimal stake of 0.48% in the company, suggesting a lack of confidence in its current valuation or business prospects. The company's flat results in September and negative EBITDA position it as a risky investment, which may deter potential investors and contribute to the ongoing decline in stock price.