Why is Enkei Wheels falling/rising?

As of 25-Aug, Enkei Wheels India Ltd is experiencing a decline in its stock price, currently at Rs. 471.15, reflecting a decrease of Rs. 6.4 or 1.34%. The stock has hit a new 52-week low of Rs. 466.05 today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 4.63% during this period. Over the past year, the stock has generated a return of -28.72%, significantly underperforming the benchmark Sensex, which has seen a modest gain of 0.68%. The company's fundamentals are weak, with a Return on Capital Employed (ROCE) of only 6.2 and a high Debt to EBITDA ratio of 3.50 times, indicating challenges in servicing debt and poor long-term growth prospects.
In the broader market context, the stock's short-term performance has been notably poor, with a 1-week return of -1.96% compared to the Sensex's gain of 0.45%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 38.02% against the 5-day average. The stock's trading below all major moving averages further highlights its weak position. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its valuation and business prospects. Overall, these factors contribute to the stock's downward trajectory in a market that is otherwise showing some resilience.