Why is Enkei Wheels falling/rising?

As of 13-Aug, Enkei Wheels India Ltd is experiencing a decline in its stock price, currently at Rs 490.65, reflecting a decrease of Rs 8.35 or 1.67%. The stock has underperformed its sector by 3.42% today and is trading close to its 52-week low, just 2.04% away from Rs 480. Over the past week, the stock has dropped by 2.10%, and it has shown a significant year-to-date decline of 27.33%. Additionally, the stock has been trading below its moving averages across various time frames, indicating a bearish trend. The company's financial health is concerning, with a return on capital employed (ROCE) of 6.2 and a substantial drop in profits by 179.7% over the past year, which has contributed to the negative sentiment surrounding the stock.
In the broader market context, while the Sensex has remained relatively stable with a slight decline of 0.01% over the past week, Enkei Wheels has significantly lagged behind, reflecting its poor performance compared to the benchmark. The stock's long-term fundamentals are weak, evidenced by a high debt-to-EBITDA ratio and negative results for the last four consecutive quarters. Furthermore, the lack of domestic mutual fund investment suggests a lack of confidence in the company's prospects, which may be influencing investor sentiment negatively. Overall, the combination of poor financial performance, weak investor participation, and a bearish trend in stock price has led to the current decline in Enkei Wheels' stock value.