Why is Walchan. Inds. falling/rising?

As of 25-Jul, Walchandnagar Industries Ltd is currently priced at 206.45, reflecting a decrease of 0.6, or 0.29%. The stock has been on a downward trend, having lost 8.95% over the past week and underperformed significantly with a year-to-date decline of 28.39%. Key indicators show that the stock has been losing for the last seven days, and it is currently trading below its 5-day, 20-day, 50-day, and 200-day moving averages, despite being higher than the 100-day moving average. The company is facing substantial operational challenges, including a reported operating loss and a negative EBITDA, which contribute to its weak long-term fundamental strength. Additionally, the high percentage of pledged promoter shares adds further pressure on the stock price in a declining market.
In the broader market context, the stock has underperformed compared to the benchmark, with a one-year return of -42.92% against the Sensex's modest gain of 1.78%. Over the past week, while the stock has declined by 3.62%, the Sensex has only fallen by 0.36%, indicating a significant divergence in performance. The engineering sector, to which Walchandnagar belongs, has also seen a decline of 2.21%, reflecting broader sectoral weaknesses. The falling investor participation, as evidenced by a decrease in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors.