Why is Alphalogic Tech. falling/rising?

As of 29-Jul, Alphalogic Techsys Ltd is experiencing a decline in its stock price, currently at 95.00, which reflects a decrease of 0.65 or 0.68%. The stock has underperformed its sector by 0.59% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 2.61%, and its performance over the last month shows a significant drop of 8.65%. Despite a rise in delivery volume by 38.02% on 28 July, the company has reported flat results for the quarter ending March 25, with net sales at their lowest and an EPS that is also at a low point. The stock's valuation appears expensive with a Price to Book Value of 12.7, and its return over the past year has been a staggering -57.73%, despite a 17.4% increase in profits.
In the broader market context, while the Sensex has shown a decline of only 1.03% over the past week, Alphalogic's performance has been considerably worse, indicating a significant underperformance compared to the benchmark. The stock's year-to-date return is down 24.60%, contrasting sharply with the Sensex's gain of 4.09%. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its current valuation or business prospects. Overall, the combination of poor recent financial results, high valuation metrics, and significant underperformance relative to the market contributes to the stock's downward movement.