Why is Welcast Steels falling/rising?

As of 24-Sep, Welcast Steels Ltd is experiencing a price increase, currently at Rs 1,073.00, reflecting a rise of 14.6 points or 1.38%. Despite this uptick, the stock has shown a mixed performance recently, with a 1-week return of +2.45%, which is a positive contrast to the Sensex's decline of -1.18%. However, over the longer term, the stock has underperformed, with a year-to-date decline of -20.46% compared to the Sensex's gain of +4.58%. Today's trading activity indicates erratic patterns, as the stock did not trade on one day out of the last 20, and it is currently trading below all key moving averages. On a positive note, there has been a significant increase in investor participation, with delivery volume rising by 264.04% against the 5-day average.
In the broader market context, while Welcast Steels has outperformed its sector today, the overall trend remains concerning due to its weak long-term fundamentals, including operating losses and a poor ability to service debt, as indicated by a low EBIT to Interest ratio of 0.46. The stock's profitability is also low, with a return on equity averaging only 4.10%. Furthermore, the company has faced a significant decline in profits, with a -101.2% drop over the past year, contributing to its underperformance against the BSE500 in both the short and long term. This combination of factors suggests that while there may be short-term gains, the overall outlook for Welcast Steels remains negative.