Why is Welcast Steels falling/rising?

As of 17-Sep, Welcast Steels Ltd is experiencing a decline in its stock price, currently at Rs 1,047.30, which represents a decrease of Rs 44.7 or 4.09%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -4.52% during this period. It is also trading close to its 52-week low, just 3.53% away from Rs 1,010.3. The stock opened with a significant loss of 3.85% today and touched an intraday low of Rs 1,040. Additionally, it is trading below all key moving averages, indicating a bearish trend. While there has been a notable increase in delivery volume, rising by 188.62% against the 5-day average, this may not be sufficient to counteract the overall negative sentiment surrounding the stock.
In the broader market context, Welcast Steels has underperformed compared to the Sensex, which has gained 1.56% over the past week while Welcast has declined by 2.12%. Over the past month, the stock has decreased by 6.57%, contrasting with the Sensex's increase of 2.60%. Year-to-date, Welcast Steels has seen a significant drop of 22.36%, while the Sensex has risen by 5.83%. This stark difference highlights the challenges faced by Welcast Steels in the current market environment, contributing to its declining stock price.