Why is Walchan. Inds. falling/rising?

As of 14-Nov, Walchandnagar Industries Ltd is experiencing a decline in its stock price, currently at Rs 162.40, reflecting a decrease of Rs 6.05 or 3.59%. The stock has underperformed its sector by 3.65% today, with an intraday low of Rs 160.8, indicating significant selling pressure. Over the past week, the stock has dropped by 4.64%, and its year-to-date performance shows a staggering decline of 43.67%. The company is facing operational challenges, including negative EBITDA and an alarming debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. Additionally, 49.2% of promoter shares are pledged, which can exacerbate downward pressure in a declining market.
Broader Market Context: In comparison to the benchmark, the Sensex has gained 1.62% over the past week, highlighting Walchandnagar Industries' struggle to keep pace with broader market trends. While the market has shown positive returns of 8.00% over the last year, Walchandnagar Industries has significantly underperformed, with a return of -40.73%. This stark contrast underscores the company's ongoing difficulties and the lack of investor confidence, further contributing to the stock's recent decline.