Why is Walchan. Inds. falling/rising?

As of 14-Aug, Walchandnagar Industries Ltd is experiencing a decline in its stock price, currently at Rs 181.55, which reflects a decrease of Rs 4.45 or 2.39%. The stock has underperformed its sector by 1.22% today and has seen a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 180.5, indicating a significant drop of 2.96%. Over the past week, the stock has decreased by 2.23%, and its year-to-date performance shows a substantial decline of 37.03%. The company is facing considerable challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative EBITDA and a high Debt to EBITDA ratio. Furthermore, the recent quarterly results show a drastic fall in profit after tax and net sales, contributing to a bearish sentiment around the stock.
In the broader market context, while the Sensex has remained relatively stable with a slight decline of 0.03% over the past week, Walchandnagar Industries Ltd's performance has been significantly worse, with a 1-month return of -11.22% compared to the benchmark's -2.01%. The stock's performance over the last year has been particularly poor, with a return of -47.16%, contrasting sharply with the market's slight positive return of 1.89%. The high percentage of pledged promoter shares further exacerbates the situation, as it adds downward pressure in a falling market. Overall, the combination of poor financial performance, negative market sentiment, and underperformance relative to the benchmark are key factors contributing to the stock's decline.