Why is Alphalogic Tech. falling/rising?

As of 13-Nov, Alphalogic Techsys Ltd is experiencing a decline in its stock price, currently at Rs 66.80, reflecting a decrease of Rs 1.5 or 2.2%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 13.02% during this period. It is currently trading close to its 52-week low, just 3.79% above Rs 64.27. The stock is also trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the company's recent financial performance shows a concerning drop in net sales by 33.76% over the last six months, alongside a low debt-to-equity ratio of 0.08, which, while generally positive, does not offset the negative sentiment surrounding its recent results.
In the broader market context, the stock has significantly underperformed compared to the benchmark Sensex, which has gained 1.4% over the past week and 2.61% over the past month, while Alphalogic Techsys Ltd has seen a 9.58% decline in the same one-week period. Over the past year, the stock has generated a return of -55.17%, starkly contrasting with the market's positive return of 8.17%. This underperformance highlights the challenges the company faces, including an expensive valuation relative to its peers, as indicated by its price-to-book value of 8.4 and a high PEG ratio of 18.2. The combination of these factors contributes to the ongoing decline in investor confidence and participation in the stock.