Why is Walchan. Inds. falling/rising?

As of 26-Sep, Walchandnagar Industries Ltd is experiencing a decline in its stock price, currently at Rs 192.00, which represents a decrease of Rs 4.15 or 2.12%. The stock has been on a downward trend, losing value for the last three days and showing a total decline of 8.16% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. In the context of the past week, the stock has dropped by 7.74%, while over the past month, it has gained 7.59%. However, year-to-date, it has significantly underperformed with a decline of 33.40%. The recent increase in delivery volume suggests some rising investor participation, but overall, the stock's performance remains weak.
Broader Market Context: The broader market, represented by the Sensex, has also faced challenges, declining by 2.66% over the past week and only slightly down by 0.45% over the past month. While Walchandnagar Industries has outperformed the benchmark in the short term (1M), its year-to-date and one-year performances are considerably worse than the Sensex, which has gained 2.93% and lost only 6.30%, respectively. This disparity highlights the stock's struggles relative to the broader market trends, contributing to its recent price decline.