Why is WPIL falling/rising?

As of 11-Nov, WPIL Ltd is experiencing a decline in its stock price, currently at 416.80, down by 3.3 points or 0.79%. The stock has underperformed its sector by 1.82% today and has been on a consecutive fall for the last four days, resulting in a significant drop of 9.17% over the past week. Furthermore, WPIL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has reported negative financial results for the last three consecutive quarters, with a notable decline in profit before tax, profit after tax, and net sales. Additionally, despite having a low debt-to-equity ratio, the stock is trading at a premium compared to its peers, which, combined with a return of -29.13% over the past year, suggests a challenging outlook for investors.
In the broader market context, WPIL's performance has been notably weaker compared to the benchmark, with the stock's year-to-date return of -43.14% contrasting sharply with the Sensex's gain of 7.34%. This underperformance highlights the stock's struggles, especially as the market has generated positive returns while WPIL has seen substantial losses. The rising investor participation, indicated by a 160.24% increase in delivery volume, may suggest some interest in the stock, but the overall negative sentiment driven by poor financial results and high valuations continues to weigh heavily on its price movement.