Why is Walchan. Inds. falling/rising?

As of 28-Jul, Walchandnagar Industries Ltd is experiencing a decline in its stock price, currently at Rs 198.70, which reflects a decrease of Rs 7.75 or 3.75%. The stock has been underperforming significantly, having fallen for the last eight consecutive days, resulting in a total decline of 12.37% during this period. Additionally, it has underperformed its sector by 2.28% today. The stock's performance over various time frames shows a 1-week decline of 6.10%, a 1-month drop of 13.06%, and a staggering year-to-date decrease of 31.08%. The company's financial health is concerning, with operating losses and a negative EBITDA, which have contributed to a poor long-term growth outlook, as evidenced by a 496.9% fall in PAT for the latest quarter compared to the previous average.
Broader market context indicates that while the Sensex has declined by 1.59% over the past week, Walchandnagar Industries Ltd's performance has been significantly worse, highlighting its weak position in the market. The stock's returns over the past year show a drastic decline of 45.19%, contrasting sharply with the broader market's negative return of only 2.52%. The high percentage of pledged promoter shares, at 49.2%, adds further downward pressure in a falling market, exacerbating investor concerns. Overall, the combination of poor financial performance, negative investor sentiment, and a lack of liquidity has led to the stock's continued decline.