Why is Enkei Wheels falling/rising?

As of 04-Sep, Enkei Wheels India Ltd is experiencing a price increase, currently at Rs 479.00, reflecting a rise of 5.0 (1.05%). The stock has shown a trend reversal by gaining after two consecutive days of decline and has outperformed its sector by 1.81%. However, it remains close to its 52-week low, just 2.87% away from Rs 465.25. Over the past year, the stock has generated a return of -28.39%, with profits falling significantly by -179.7%. Despite trading at a discount compared to its peers, the company has declared negative results for the last four consecutive quarters, indicating weak long-term fundamental strength.
In the broader market context, the stock's short-term performance has been underwhelming compared to the benchmark, with a 1-week return of -0.21% against the Sensex's +0.80%. The stock has underperformed the BSE500 over the last three years, one year, and three months, highlighting its below-par performance in both the long-term and near-term. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further contributing to the stock's struggles in the market.