Why is Walchan. Inds. falling/rising?

As of 28-Aug, Walchandnagar Industries Ltd is experiencing a decline in its stock price, currently at Rs 175.75, reflecting a decrease of Rs 2.7 or 1.51%. The stock has been underperforming, having fallen consecutively for the last four days, with a total return of -6.17% over the past week. It is trading below all key moving averages, indicating a bearish trend. The company is facing significant challenges, including operating losses and poor long-term growth, with net sales declining at an annual rate of -4.12% and a staggering operating profit drop of -252.63% over the last five years. Additionally, the high debt to EBITDA ratio and negative EBITDA further contribute to the stock's riskiness, while the pledge of 49.2% of promoter shares adds downward pressure in a falling market.
In the broader market context, the stock has underperformed relative to the benchmark, with a one-year return of -49.15% compared to the BSE500's negative return of -5.01%. This stark contrast highlights the company's struggles in a challenging market environment. The recent negative performance is compounded by a significant drop in net sales and profit after tax, both showing a decline of -28.63% in the latest reporting period. Despite a rise in investor participation, the overall sentiment remains negative, reflecting the company's weak fundamentals and the broader market's lack of confidence in its recovery.