Why is W S Inds. falling/rising?

As of 21-Jul, W S Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 90.05, which reflects a decrease of Rs 1.07 or 1.17%. The stock has underperformed its sector by 3.45% today and has been on a downward trend for the last three days, falling a total of 4.13% during this period. It opened with a loss of 2% and reached an intraday low of Rs 89.3. Over the past week, the stock has decreased by 4.16%, while its performance over the past year shows a significant decline of 44.75%. The company has faced negative financial results, including a 39.52% drop in net sales and a concerning debt to EBITDA ratio of 22.43 times, indicating low profitability and a high burden of debt.
Broader market context shows that while the Sensex has remained relatively stable with a slight decline of 0.06% over the past week, W S Industries has significantly lagged behind, indicating a lack of investor confidence. The stock's performance contrasts sharply with the electric equipment sector, which has gained 2.32%. Furthermore, the stock's poor performance over the last year, with a return of -44.75% compared to the benchmark's positive return of 1.63%, suggests that investors are wary, as evidenced by the low participation from domestic mutual funds, which hold no stake in the company. This combination of negative financial indicators and weak market sentiment contributes to the stock's current downward trajectory.