Why is Welcast Steels falling/rising?

As of 13-Oct, Welcast Steels Ltd is experiencing a decline in its stock price, currently at Rs 994.00, which reflects a decrease of Rs 36.0 or 3.5%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.42% during this period. Additionally, it opened with a loss of 2.59% today and touched an intraday low of Rs 976.3, which is 2.41% away from its 52-week low of Rs 970. The stock's performance over the past week shows a decline of 2.84%, and it has significantly underperformed the benchmark Sensex, which has gained 0.66%. Year-to-date, Welcast Steels has dropped 26.32%, while the Sensex has risen by 5.36%. The stock is also trading below all major moving averages, indicating a bearish trend.
In the broader market context, the recent performance of Welcast Steels contrasts sharply with the benchmark, as it has consistently lagged behind the Sensex across various time frames, including a notable 32.09% decline over the past year compared to the Sensex's modest gain of 1.16%. Despite a rise in investor participation, with delivery volume increasing by 61.76% against the 5-day average, the overall sentiment remains negative due to the stock's persistent underperformance and liquidity concerns. The absence of any positive factors in the dashboard further emphasizes the challenges faced by Welcast Steels, contributing to the downward pressure on its stock price.