Why is Enkei Wheels falling/rising?

As of 18-Aug, Enkei Wheels India Ltd's stock price is currently at Rs. 480.55, reflecting a decrease of Rs. 9.45 or 1.93%. The stock has recently hit a new 52-week low of Rs. 470 and has underperformed its sector by 5.23%. Over the past week, the stock has fallen by 3.69%, and its year-to-date performance shows a significant decline of 28.83%. The company's return on capital employed (ROCE) is low at 6.2, and it has experienced a drastic profit decline of 179.7% over the past year, contributing to negative investor sentiment. Additionally, the stock has been trading below its moving averages, indicating a bearish trend.
In the broader market context, the Sensex has gained 0.83% over the past week, contrasting sharply with Enkei Wheels' negative performance. This underperformance is further highlighted by the stock's returns over various periods, where it has lagged behind the benchmark indices, including a 27.84% decline over the past year. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further exacerbating the stock's downward movement. Overall, the combination of poor financial results, weak long-term fundamentals, and a stark contrast to the broader market performance has led to the stock's decline.