Why is Enkei Wheels falling/rising?

As of 20-Aug, Enkei Wheels India Ltd is experiencing a decline in its stock price, currently at Rs 485.00, which reflects a decrease of Rs 9.0 or 1.82%. The stock has underperformed its sector by 1.8% today and opened with a loss of 2.53%. It has also touched an intraday low of Rs 480, indicating significant selling pressure. Over the past week, the stock has decreased by 1.15%, and its year-to-date performance shows a substantial drop of 28.17%. The company has been facing challenges, including a negative return of 27.12% over the past year and a concerning decline in profits by 179.7%. Additionally, the stock is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 57.57% against the five-day average.
In the broader market context, the Sensex has shown a positive return of 1.64% over the past week, contrasting sharply with Enkei Wheels' negative performance. This disparity highlights the stock's struggles relative to the market. 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 exacerbate its challenges. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its valuation or business prospects. Overall, the combination of poor financial performance, negative investor sentiment, and underperformance against the benchmark contributes to the stock's decline.