Why is Walchan. Inds. falling/rising?

As of 22-Sep, Walchandnagar Industries Ltd is currently priced at 209.05, reflecting an increase of 0.95 or 0.46%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 1.02% today. However, despite this short-term gain, the stock has underperformed over the past year with a return of -33.61%, significantly worse than the benchmark BSE500's decline of -3.80%. The company faces substantial challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative EBITDA and a high Debt to EBITDA ratio. Additionally, 49.2% of promoter shares are pledged, which could exert further downward pressure on the stock in a declining market.
Broader Market Context: In the short term, Walchandnagar Industries Ltd has outperformed the Sensex by a slight margin of 0.04% over the past week, but its one-month return of +13.37% is still overshadowed by its year-to-date decline of -27.49%. The broader market context indicates that while the stock has seen some recent gains, its long-term performance remains concerning, with negative growth in net sales and operating profit over the last five years. The overall market has shown some resilience, with the Sensex gaining 5.15% year-to-date, contrasting sharply with the company's struggles, which highlight the risks associated with investing in this stock.