Why is Enkei Wheels falling/rising?

As of 28-Aug, Enkei Wheels India Ltd's stock price is flat at Rs. 480.00, with no change in percentage terms. The stock has recently hit a new 52-week low of Rs. 465.25, indicating a downward trend. Over the past week, the stock has decreased by 0.37%, and it has seen a significant decline of 7.59% over the past month. Furthermore, the stock has underperformed with a year-to-date return of -28.91% compared to a positive return of 2.48% for the benchmark Sensex. The stock is trading below its moving averages across various timeframes, and there has been a notable drop in investor participation, with delivery volume falling by 75.68% against the 5-day average. The company's fundamentals are weak, as indicated by a negative return on capital employed and a high debt-to-EBITDA ratio, which raises concerns about its long-term growth potential.
In the broader market context, the stock's short-term performance has been worse than the benchmark, with the Sensex declining by 2.34% over the past week while Enkei Wheels has only fallen by 0.37%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its prospects. The company's negative results over the last four consecutive quarters and a significant drop in profits further contribute to the negative sentiment surrounding the stock. Overall, the combination of poor financial performance, low investor interest, and unfavorable comparisons to the benchmark indicates a challenging environment for Enkei Wheels.