Why is Welspun Living falling/rising?

As of 07-Aug, Welspun Living Ltd's stock price is currently at Rs 118.70, reflecting an increase of Rs 2.85 or 2.46%. Today, the stock has shown a trend reversal by gaining after two consecutive days of decline, despite opening lower with a loss of 2.46%. The stock reached an intraday high of Rs 120.2, indicating some recovery, although it also touched a low of Rs 111.45 during the day. Over the past week, the stock has underperformed with a return of -6.97%, and it has seen a significant decline of -35.63% over the past year, while profits have fallen by 23.2%. The company is trading at a discount compared to its peers, but it has declared negative results for the last four consecutive quarters, contributing to its poor long-term growth outlook.
In the broader market context, the Sensex has only declined by 0.69% over the past week, indicating that Welspun Living's short-term performance is significantly worse than the benchmark. While the stock has outperformed its sector by 3.81% today, its year-to-date return of -24.66% starkly contrasts with the Sensex's positive return of +3.18%. This underperformance highlights the challenges faced by Welspun Living, including a low debtors turnover ratio and declining net sales, which have led to a perception of weak financial health among investors.