Why is Welcast Steels falling/rising?

As of 29-Aug, Welcast Steels Ltd is currently priced at 1,087.00, reflecting an increase of 15.7, or 1.47%. The stock has shown a trend reversal today, gaining after six consecutive days of decline. However, it has underperformed in the short term, with a 1-week return of -2.17% and a 1-month return of -5.48%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 73.5% against the 5-day average. The company's financial health is concerning, marked by operating losses and a weak ability to service its debt, which has contributed to its poor performance over the past year, generating a return of -26.05%.
In the broader market context, the Sensex has also experienced a decline, with a 1-week return of -1.84% and a 1-month return of -1.88%. While Welcast Steels has outperformed its sector today by 2.36%, its long-term performance remains below par, having underperformed the BSE500 over the last three years, one year, and three months. The company's weak fundamentals, including a low return on equity and negative EBITDA, suggest that the stock is trading at risky valuations, further complicating its recovery in the current market environment.