Why is Walchan. Inds. falling/rising?

As of 15-Oct, Walchandnagar Industries Ltd is experiencing a decline in its stock price, currently at Rs 172.00, which reflects a decrease of Rs 5.4 or 3.04%. The stock has been underperforming significantly, with a consecutive fall over the last five days resulting in a total decline of 13.55%. Despite opening with a gain of 3.1% today and reaching an intraday high of Rs 182.9, it ultimately fell to a low of Rs 170.4. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, while there was a rise in investor participation with a 39.96% increase in delivery volume, the overall performance remains weak, as evidenced by the stock's year-to-date decline of 40.34% compared to a 5.72% gain in the benchmark.
In the broader market context, Walchandnagar Industries Ltd's short-term performance has been notably poor when compared to the Sensex, which has gained 1.02% over the past week. This stark contrast highlights the stock's struggles, particularly as it has underperformed the sector by 3.57% today. The high volatility observed, with an intraday volatility of 5.83%, further emphasizes the uncertainty surrounding the stock. Overall, the combination of declining returns, poor relative performance against the benchmark, and persistent downward movement contributes to the current negative sentiment surrounding Walchandnagar Industries Ltd.