Why is Walchand People falling/rising?

As of 11-Aug, Walchand Peoplefirst Ltd's stock price is currently at Rs 151.90, reflecting a decrease of Rs 3.15 or 2.03%. Today, the stock opened with a significant gain of 12.22%, reaching an intraday high of Rs 174, but it has since fallen to a low of Rs 151.8, indicating high volatility with an intraday fluctuation of 6.81%. Over the past week, the stock has underperformed the sector by 1.46%, and its year-to-date return stands at a negative 13.67%. Despite a fair valuation compared to peers, the company faces challenges such as operating losses and weak long-term growth, with a poor EBIT to Interest ratio of 0.19, which may contribute to the stock's downward movement.
In the broader market context, while the Sensex has shown a slight decline of 0.51% over the past week, Walchand Peoplefirst Ltd has experienced a more pronounced drop. The stock's performance over the last year has been significantly worse than the market, with a return of -33.87% compared to the BSE500's -1.85%. This underperformance, coupled with a decrease in investor participation and high volatility, suggests that the stock is facing considerable selling pressure, which is likely influencing its current price decline.