Why is Welcast Steels falling/rising?

As of 01-Sep, Welcast Steels Ltd is experiencing a decline in its stock price, currently at 1,050.00, which represents a decrease of 37.0 points or 3.4%. The stock has opened with a loss today and has traded flat at this price, touching an intraday low of Rs 1,050. It is currently 3.71% away from its 52-week low of Rs 1,011. Over the past week, the stock has underperformed, showing a return of -4.33%, while the Sensex has only declined by -1.56%. Additionally, the company has faced significant challenges, including operating losses and a weak ability to service its debt, reflected in a poor EBIT to Interest ratio of 0.46. The stock has generated a return of -29.13% over the past year, with profits falling by -101.2%, indicating a concerning trend in its financial health.
In the broader market context, Welcast Steels' recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500 over various time frames, including the last three years, one year, and three months. While the Sensex has shown a slight gain of 2.85% year-to-date, Welcast Steels has declined by 22.16% in the same period. This underperformance is compounded by the company's weak long-term fundamental strength and negative EBITDA, making it a risky investment compared to its historical valuations. Despite a rise in investor participation with a significant increase in delivery volume, the overall sentiment remains negative due to the company's financial struggles and poor profitability metrics.