Why is Walchan. Inds. falling/rising?

As of 09-Jul, Walchandnagar Industries Ltd's stock price is currently at Rs 216.00, reflecting an increase of Rs 3.5 or 1.65%. Today, the stock has shown a trend reversal by gaining after three consecutive days of decline, and it outperformed its sector by 0.85%. The stock reached an intraday high of Rs 217, indicating some positive momentum. However, despite this short-term gain, the stock has underperformed significantly over the past week, month, and year, with returns of -3.57%, -17.67%, and -34.58% respectively. The company is facing substantial challenges, including operating losses and a high Debt to EBITDA ratio of 44.09 times, which raises concerns about its long-term fundamental strength. Additionally, the company reported a significant drop in net sales and a negative return on equity, further contributing to its weak performance.
In the broader market context, while the Sensex has shown a slight increase of 0.15% over the past week, Walchandnagar Industries Ltd has lagged behind, indicating a stark contrast in performance. The stock's liquidity remains adequate, but the high percentage of pledged promoter shares (49.2%) adds to the risk, especially in a declining market. The company's negative EBITDA and substantial losses over the past year highlight the ongoing financial difficulties it faces, which may deter investors despite today's positive movement. Overall, while there is a minor uptick in the stock price today, the underlying financial issues and poor historical performance suggest that the stock remains under pressure.