Why is Enkei Wheels falling/rising?

As of 14-Aug, Enkei Wheels India Ltd is experiencing a decline in its stock price, currently at Rs 490.00, reflecting a decrease of Rs 0.65 or 0.13%. The stock has underperformed its sector by 0.47% today and has been on a downward trend, losing 1.8% over the past two days. It is trading close to its 52-week low, just 2.04% above Rs 480, and is below its moving averages across various time frames, indicating weak momentum. The stock has generated a significant negative return of -24.62% over the past year, with profits plummeting by 179.7%. Additionally, the company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 2.97% and a high Debt to EBITDA ratio of 3.50 times, further contribute to the stock's poor performance.
In the broader market context, Enkei Wheels has underperformed the Sensex, which has gained 3.15% year-to-date, while the stock has dropped 27.43% in the same period. Over the last week, Enkei Wheels has declined by 1.01%, contrasting with the Sensex's minimal drop of 0.03%. The lack of investor participation, evidenced by a 61.85% drop in delivery volume, suggests a lack of confidence in the stock, which is further reflected in the absence of domestic mutual fund investment. This overall underperformance, both in the short and long term, indicates a challenging environment for Enkei Wheels, leading to its current price decline.