Why is Welcast Steels falling/rising?

As of 11-Sep, Welcast Steels Ltd is experiencing a decline in its stock price, currently at 1,050.15, which reflects a decrease of 19.85 or 1.86%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.39% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 3.79% above the low of Rs 1010.3. Although there has been a notable increase in investor participation, with delivery volume rising by 164.34% against the 5-day average, the overall performance remains weak, as evidenced by the stock's year-to-date decline of 22.15% compared to a 4.36% increase in the benchmark.
In the broader market context, Welcast Steels' short-term performance has been notably poor when compared to the Sensex, which has gained 1.03% over the past week while Welcast Steels has dropped by 2.76%. This underperformance is further highlighted by the stock's one-month return of -8.52% against the Sensex's 1.17% gain. The significant disparity in returns suggests that investor sentiment towards Welcast Steels is currently negative, contributing to the stock's downward trajectory. Overall, the combination of poor stock performance, negative trends in moving averages, and underperformance relative to the benchmark indicates a challenging environment for Welcast Steels Ltd.