Why is Welcast Steels falling/rising?

As of 02-Sep, Welcast Steels Ltd is currently priced at 1,053.00, reflecting an increase of 3.0 (0.29%). Despite this slight uptick, the stock has been underperforming, with a 1-week return of -3.57% and a 1-month return of -12.18%. The stock is trading significantly lower than its moving averages across various timeframes, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 3.99% away from Rs 1011. The company is facing operational challenges, including weak long-term fundamental strength, as evidenced by an average EBIT to Interest ratio of 0.46 and a negative EBITDA. Furthermore, the stock has generated a return of -29.33% over the past year, with profits declining by 101.2%, which contributes to its perception as a risky investment.
In the broader market context, the Sensex has shown a relatively stable performance with a year-to-date return of +2.58%, contrasting sharply with Welcast Steels' significant decline of -21.94% during the same period. This disparity highlights the stock's underperformance compared to the benchmark. The stock's recent price movement, while slightly positive on the day, is overshadowed by a broader trend of falling investor participation and liquidity issues, as indicated by a drastic drop in delivery volume. Overall, the combination of weak financial fundamentals, poor profitability, and significant underperformance relative to the market suggests that the stock's recent rise may not be sustainable in the face of ongoing challenges.