Why is Welspun Enterp falling/rising?

As of 22-Jul, Welspun Enterprises Ltd is currently priced at 516.20, reflecting an increase of 1.45 or 0.28%. The stock has outperformed its sector by 1.08% today, although it is trading lower than its 5-day, 20-day, and 200-day moving averages, while remaining above the 50-day and 100-day averages. Over the past week, the stock has decreased by 2.28%, but it has shown a positive return of 3.05% over the last month. Despite a year-to-date decline of 14.18%, the stock has generated a 6.21% return over the past year, indicating some resilience. Positive factors contributing to the stock's recent movement include rising promoter confidence, as they have increased their stake by 0.51%, and an attractive valuation with a return on capital employed (ROCE) of 16.1. However, the company faces challenges with a high Debt to EBITDA ratio of 5.19 times, which raises concerns about its ability to service debt.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, with a 1-week decline of 2.28% against a smaller drop of 0.47% in the Sensex. While the stock has shown some strength in the longer term, outperforming the BSE500 over the last three years, the recent fall in investor participation, as indicated by a 14.8% decrease in delivery volume, may signal caution among investors. Overall, while there are positive indicators such as promoter confidence and consistent returns, the stock's high debt levels and recent underperformance in the short term could be contributing to its mixed performance.