Why is Walchan. Inds. falling/rising?

As of 08-Jul, Walchandnagar Industries Ltd is experiencing a decline in its stock price, currently at Rs 212.50, reflecting a decrease of Rs 3.2 or 1.48%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 5.97%. In the past week, the stock has decreased by 6.39%, and over the past month, it has dropped by 15.54%. The company's recent financial performance has been concerning, with a significant operating loss and a negative return on equity. Additionally, the company’s net sales and profit after tax have fallen sharply compared to previous quarters, contributing to a weak long-term fundamental strength. The high debt-to-EBITDA ratio and the fact that nearly half of the promoter shares are pledged further exacerbate the stock's risk profile.
In the broader market context, while the Sensex has shown a slight increase of 0.02% over the past week, Walchandnagar Industries Ltd has significantly underperformed, indicating a divergence from market trends. The stock's year-to-date performance is particularly troubling, with a decline of 26.29% compared to a 7.13% increase in the benchmark index. This stark contrast highlights the challenges facing the company, as it has not only lagged behind the market but has also generated negative returns of 32.42% over the past year, further solidifying its position as a strong sell in the current market environment.