Why is Enkei Wheels falling/rising?

As of 01-Sep, Enkei Wheels India Ltd is experiencing a price increase, currently at Rs 481.35, reflecting a rise of Rs 8.7 or 1.84%. The stock has shown a slight improvement in the short term, with a 1-week return of +2.16%, although it has significantly underperformed over the past month with a decline of -8.90%. Today's performance indicates that the stock is 3.34% away from its 52-week low and has touched an intraday high of Rs 510.95. However, it has underperformed its sector by -0.89%, and the delivery volume has decreased by -45.1% compared to the 5-day average, suggesting a decline in investor participation. The company has a low Return on Capital Employed (ROCE) of 6.2 and has faced a substantial profit drop of -179.7% over the past year, contributing to its negative sentiment.
In the broader market context, while Enkei Wheels has gained in the short term, the benchmark Sensex has declined by -1.56% over the same period, indicating a relative strength in the stock compared to the market. However, the stock's long-term performance remains concerning, with a year-to-date return of -28.71% compared to a positive return of +2.85% for the Sensex. The company has declared negative results for the last four consecutive quarters, and its high Debt to EBITDA ratio of 3.50 times raises concerns about its ability to service debt. Additionally, the lack of domestic mutual fund investment may reflect a broader lack of confidence in the company's future prospects, further impacting its stock performance.