Why is Welcast Steels falling/rising?

As of 03-Sep, Welcast Steels Ltd is experiencing a decline in its stock price, currently at Rs. 1,051.00, which reflects a decrease of 2.0 (-0.19%). The stock has recently hit a new 52-week low of Rs. 1,010.3 and has underperformed its sector by 3.44%. Over the past week, the stock has dropped by 3.75%, and it has shown a significant decline of 12.34% over the past month. The company is facing operating losses and has a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of 0.46 and a low Return on Equity of 4.10%. Additionally, the stock's performance has been below par, generating a return of -27.01% over the last year, with profits falling by 101.2%.
In the broader market context, while the Sensex has shown a slight decline of 0.27% over the past week, Welcast Steels' performance has been notably worse, indicating a significant underperformance compared to the benchmark. The steel sector has gained by 3.26%, contrasting sharply with Welcast's struggles. Despite a rise in investor participation, as evidenced by a 137.67% increase in delivery volume, the overall sentiment remains negative due to the company's financial challenges and poor profitability metrics. This combination of factors contributes to the stock's downward trajectory in the market.