Why is Welcast Steels falling/rising?

As of 04-Sep, Welcast Steels Ltd is currently priced at 1,080.00, reflecting an increase of 29.0 or 2.76%. Today's performance indicates that the stock has outperformed its sector by 3.54%, reaching an intraday high of Rs 1,100, which represents a 4.66% increase. However, despite this short-term gain, the stock has shown a decline of 6.10% over the past month and a significant drop of 25.04% over the last year. The company is facing challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 0.46. Additionally, the stock's profitability is low, with a return on equity averaging only 4.10%. These negative factors contribute to a perception of risk, as the stock is trading at valuations that are considered risky compared to historical averages.
In the broader market context, Welcast Steels has demonstrated a short-term return of +0.81% over the past week, which is slightly better than the Sensex's return of +0.80%. However, the stock's longer-term performance has been underwhelming, with a year-to-date decline of 19.94% compared to the Sensex's gain of 3.30%. This underperformance over various time frames, coupled with the company's financial struggles, suggests that while there may be some short-term upward movement, the overall outlook remains negative, contributing to a cautious sentiment among investors.