Why is Welcast Steels falling/rising?

As of 12-Sep, Welcast Steels Ltd is experiencing a price increase, currently at 1,096.90, reflecting a rise of 46.75 or 4.45%. Today's performance indicates a positive trend as the stock has gained after three consecutive days of decline, opening with a gain of 4.45% and touching an intraday high of Rs 1,096.90. Despite this short-term uptick, the stock has shown a negative performance over the past week, month, and year, with returns of -1.00%, -7.59%, and -24.61% respectively. The company faces significant challenges, including operating losses and a weak ability to service its debt, which has contributed to its low profitability and negative EBITDA. These factors suggest that while there is a temporary rise in stock price, the long-term outlook remains concerning.
Broader market context shows that while Welcast Steels has outperformed its sector today by 4.48%, it has underperformed the benchmark Sensex over the past week and month, which have returned +1.48% and +2.08% respectively. The stock's performance is contrasted by its long-term underperformance relative to broader indices, including a -24.61% return over the last year compared to a -1.28% return for the Sensex. This indicates that despite today's gains, the stock's overall trajectory remains negative, influenced by weak fundamentals and a lack of investor confidence in its long-term viability.