Why is W S Inds. falling/rising?

As of 01-Jul, W S Industries (India) Ltd is experiencing a price increase, currently at Rs 96.46, reflecting a rise of 1.89 (2.0%). The stock has shown strong performance recently, gaining 26.65% over the last 12 days and outperforming its sector by 3.1% today. It opened with a gain of 2% and reached an intraday high of Rs 96.46. Despite this positive short-term movement, the stock has a concerning long-term outlook, with a year-to-date decline of 17.02% and a significant drop of 42.70% over the past year. The company has faced challenges, including a high Debt to EBITDA ratio of 22.43 times and a substantial fall in net sales by 39.52%, leading to negative results for three consecutive quarters.
In the broader market context, the stock's recent gains contrast sharply with its long-term performance, as it has underperformed the benchmark Sensex, which has returned 7.11% year-to-date. While the stock has outperformed the Sensex by 10.38% over the past week and 39.23% over the past month, its overall trajectory remains negative, indicating a struggle to regain investor confidence. The low participation from domestic mutual funds, holding 0% of the company, suggests a lack of trust in the stock's valuation and future prospects, further complicating its recovery in the market.