Why is Welcast Steels falling/rising?

As of 03-Jul, Welcast Steels Ltd is experiencing a price increase, currently at Rs 1,344.95, reflecting a rise of 63.95 or 4.99%. The stock has outperformed its sector today by 5.41%, reaching an intraday high of Rs 1,344.95. Over the past week, Welcast Steels has shown a strong performance with a return of +12.36%, while its one-month return stands at +11.80%. However, the company faces significant challenges, including a weak long-term fundamental strength indicated by a -185.62% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.16. Additionally, the stock has underperformed the market over the last year, with a return of -8.72% compared to the BSE500's return of 2.20%.
In the broader market context, while Welcast Steels has shown positive short-term returns, its performance contrasts sharply with the benchmark, which has gained +3.10% over the past month. The stock's liquidity appears adequate for trading, but there is a concerning trend of falling investor participation, with delivery volume decreasing by 20.56% against the five-day average. The company's flat results in net sales and negative EBITDA further highlight the risks associated with investing in Welcast Steels, despite its recent price rise.