Why is Walchan. Inds. falling/rising?

As of 22-Aug, Walchandnagar Industries Ltd is experiencing a decline in its stock price, currently at 184.40, which reflects a decrease of 2.9 or 1.55%. The stock has underperformed its sector today by 1.47% and has shown a trend reversal after three consecutive days of gains. In terms of returns, the stock has increased by 1.57% over the past week but has significantly underperformed over the longer term, with a decline of 12.19% in the last month and a staggering 50.81% over the past year. The company is facing challenges such as operating losses, a high Debt to EBITDA ratio, and negative growth in net sales and operating profit, which contribute to its weak long-term fundamental strength. Additionally, nearly half of the promoter shares are pledged, adding further downward pressure in a falling market.
In the broader market context, while the Sensex has shown a slight increase of 0.88% over the past week, Walchandnagar Industries Ltd's performance has been notably weaker, particularly in the last year where it has returned -50.81% compared to the market's -2.49%. This stark contrast highlights the company's struggles relative to the overall market, indicating that investor sentiment is likely influenced by its poor financial performance and the risks associated with its high levels of pledged shares. The falling investor participation, as evidenced by a significant drop in delivery volume, further suggests a lack of confidence among investors, which is reflected in the stock's current price movement.