Why is Walchan. Inds. falling/rising?

As of 03-Sep, Walchandnagar Industries Ltd is currently priced at 183.70, reflecting a slight increase of 0.3 (0.16%). The stock has shown a positive trend recently, gaining 5.15% over the last two days, although it remains below its 50-day, 100-day, and 200-day moving averages. In the context of longer-term performance, the stock has underperformed significantly, with a year-to-date decline of 36.28% and a one-year drop of 42.86%. The company is facing challenges, including operating losses and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamental strength. Additionally, the recent negative results, including a 39.89% decline in net sales and a negative EBITDA, further exacerbate the stock's risk profile. The fact that 49.2% of promoter shares are pledged adds additional pressure on the stock price in a declining market.
Broader Market Context: In the short term, Walchandnagar Industries Ltd has outperformed the benchmark Sensex, which has seen a slight decline of 0.27% over the past week, while the stock itself has risen by 2.94%. However, despite this recent uptick, the stock has significantly underperformed the broader market over the past year, where the Sensex has only declined by 2.41%. This disparity highlights the ongoing struggles of Walchandnagar Industries Ltd, as it continues to face substantial operational challenges and negative investor sentiment, which may overshadow its recent gains.