Why is Enkei Wheels falling/rising?

As of 02-Sep, Enkei Wheels India Ltd is currently priced at 477.30, reflecting a decrease of 4.05 (-0.84%). The stock has underperformed significantly, with a 1-month return of -9.66% and a year-to-date decline of -29.31%. Today's performance indicates that it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and it is also close to its 52-week low, being only 2.05% away from Rs 465.25. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 22.83% against the 5-day average. The company's fundamentals are weak, as evidenced by a negative return on capital employed (ROCE) of 6.2 and a significant profit decline of 179.7% over the past year, which has contributed to the stock's downward movement.
In the broader market context, Enkei Wheels has underperformed compared to the Sensex, which has shown a slight increase of 2.58% year-to-date. The stock's recent performance is particularly concerning as it has generated a return of -28.94% over the past year, while the broader market has been more resilient. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further exacerbating its poor performance. Overall, the combination of weak fundamentals, declining investor interest, and underperformance relative to the market has led to the stock's current downward trajectory.