Why is Welspun Living falling/rising?

As of 24-Jul, Welspun Living Ltd's stock price is currently at Rs 140.85, reflecting an increase of Rs 3.25, or 2.36%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and it outperformed its sector by 2.34%. The stock reached an intraday high of Rs 142.35, indicating a strong performance relative to its recent lows. However, despite this uptick, the stock has underperformed over the past year, with a return of -20.63%, while its profits have decreased by 6.2%. The company has also reported negative results for the last three consecutive quarters, which may contribute to investor caution despite its attractive valuation metrics.
In the broader market context, the stock's short-term performance has been better than the benchmark, as it gained 1.19% over the past week while the Sensex fell by 0.09%. However, the stock's year-to-date performance remains concerning, with a decline of 10.60%, contrasting sharply with the Sensex's increase of 5.18%. This disparity highlights the stock's struggle to maintain investor confidence, especially given its poor long-term growth metrics and declining sales and profits. The combination of these factors suggests that while there may be short-term gains, the overall outlook for Welspun Living Ltd remains challenging.