Why is Enkei Wheels falling/rising?

As of 24-Jun, Enkei Wheels India Ltd's stock price is currently at Rs 557.00, reflecting an increase of Rs 25.0 or 4.7%. The stock has outperformed its sector today by 4%, reaching an intraday high of Rs 557. However, despite this positive movement, the stock has shown a significant decline over the past year, with a return of -14.08%. The company's financial health appears weak, with a Return on Capital Employed (ROCE) of 7.3 and a concerning drop in profits of -146.1% over the past year. Additionally, the stock is trading at a discount compared to its peers, but the negative results for the last three consecutive quarters and a high Debt to EBITDA ratio indicate underlying issues that may be affecting investor confidence.
In the broader market context, Enkei Wheels has demonstrated a strong short-term performance, with a 1-week return of +8.10% compared to the Sensex's +0.58%. However, the stock has consistently underperformed against the benchmark over the last three years, which may contribute to a lack of interest from domestic mutual funds, as they hold no stake in the company. This lack of institutional support, combined with falling investor participation and liquidity concerns, suggests that while the stock is experiencing a temporary rise, the long-term outlook remains uncertain, reflecting broader challenges in its operational performance and market perception.