Why is Welspun Enterp falling/rising?

As of 27-Jun, Welspun Enterprises Ltd is currently priced at 532.25, reflecting a decrease of 8.85 points or 1.64%. Today, the stock has underperformed its sector by 0.51% and has experienced a trend reversal after three consecutive days of gains. It reached an intraday high of Rs 552.4 but also fell to a low of Rs 529.35. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Welspun has generated a return of 17.66%, while its profits have increased by 8.8%. The company has a return on capital employed (ROCE) of 16.1 and is trading at a discount compared to its peers, indicating an attractive valuation. Additionally, promoter confidence has risen, with a 0.51% increase in their stake, suggesting optimism about the company's future.
In the broader market context, Welspun's short-term performance over the past week shows a gain of 6.26%, which significantly outpaces the Sensex's increase of 2.00%. However, year-to-date, the stock is down 11.51%, contrasting with the Sensex's gain of 7.58%. This disparity highlights the stock's volatility and potential challenges despite its strong long-term performance, which includes a remarkable 459.97% increase over the past three years. The recent decline may be attributed to profit-taking after a period of gains, alongside the stock's current underperformance relative to the sector.