Why is Welcast Steels falling/rising?

As of 28-Aug, Welcast Steels Ltd is experiencing a decline in its stock price, currently at 1,071.30, which reflects a decrease of 20.7 points or 1.9%. The stock has been underperforming, having lost 5.19% over the last six days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has significantly decreased by 46.49% compared to the 5-day average, indicating falling investor participation. The company has also reported operating losses and a weak long-term fundamental strength, with a poor EBIT to Interest ratio of 0.46 and a low return on equity of 4.10%. Over the past year, the stock has generated a return of -27.77%, with profits falling by 101.2%, further contributing to its negative momentum.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.94% compared to the Sensex's -2.34%. This underperformance is consistent with the stock's trend over the past month and year, where it has also lagged behind the benchmark indices. The overall market sentiment appears to be cautious, particularly for Welcast Steels, which has shown below-par performance in both the long term and near term, further exacerbating the stock's decline.