Why is Enkei Wheels falling/rising?

As of 29-Aug, Enkei Wheels India Ltd is experiencing a decline in its stock price, currently at Rs 472.65, which reflects a decrease of Rs 7.35 or 1.53%. The stock has underperformed its sector today by 2.06%, touching an intraday low of Rs 470. Additionally, it is trading close to its 52-week low, just 1.57% away from Rs 465.25. Over the past week and month, the stock has shown negative returns of 1.03% and 8.97%, respectively, while its year-to-date performance is down by 30.00%. The company has faced significant challenges, with profits plummeting by 179.7% over the past year, and it has reported negative results for the last four consecutive quarters. Furthermore, the stock is trading below all major moving averages, indicating a bearish trend.
In the broader market context, Enkei Wheels has underperformed compared to the Sensex, which has gained 2.14% year-to-date, while Enkei's returns have been significantly negative. The stock's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 6.2 and a high Debt to EBITDA ratio of 3.50 times, contribute to investor concerns. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation or business prospects. Overall, the combination of poor financial performance, weak investor participation, and unfavorable market conditions has led to the stock's decline.