Why is Welspun Enterp falling/rising?

As of 16-Jul, Welspun Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 519.85, which reflects a decrease of Rs 8.4 or 1.59%. Today's performance indicates that the stock has underperformed its sector by 2.04% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 517, marking a 2.13% drop. Over the past week, the stock has decreased by 0.98%, and year-to-date, it has seen a significant decline of 13.57%, contrasting with a 5.75% increase in the benchmark index. Despite a positive return of 4.49% over the past year, the stock's recent performance is overshadowed by a high Debt to EBITDA ratio of 5.19 times, indicating a low ability to service debt, and a flat growth in net sales over the last five years.
In the broader market context, while the stock has underperformed in the short term, it has shown consistent returns over the last three years, significantly outperforming the BSE500 index. The stock's current valuation is attractive, trading at a discount compared to its peers, and there is rising promoter confidence with a 0.51% increase in their stake. However, the recent drop in investor participation, with a 30% decrease in delivery volume, raises concerns about liquidity and market interest. Overall, while there are positive indicators such as consistent returns and promoter confidence, the stock's current decline is influenced by its high debt levels and recent underperformance relative to the sector.