Why is Enkei Wheels falling/rising?

As of 09-Sep, Enkei Wheels India Ltd is currently priced at 483.25, reflecting a decrease of 0.8 or 0.17%. The stock has recently underperformed its sector by 0.35% and has fallen after three consecutive days of gains. It is also close to its 52-week low, being only 3.72% away from the low of Rs 465.25. Over the past week, the stock has shown a slight increase of 1.25%, but it has declined by 2.32% over the last month and has a year-to-date return of -28.43%. The company has reported negative results for the last four consecutive quarters, with profits falling by 179.7%, which contributes to the stock's weak performance. Additionally, the stock's Return on Capital Employed (ROCE) of 6.2 indicates fair valuation, but its long-term fundamentals are weak, with a high Debt to EBITDA ratio of 3.50 times.
In the broader market context, the stock's recent performance has been slightly better than the benchmark Sensex, which has increased by 1.18% over the past week. However, the stock has significantly underperformed the benchmark over longer periods, with a year-over-year return of -26.28% compared to a -0.56% return for the Sensex. This underperformance, combined with low domestic mutual fund participation and a high debt burden, suggests a lack of confidence in the company's future growth prospects. The stock's liquidity remains adequate, but the overall sentiment appears to be negative due to the company's declining profits and poor long-term growth outlook.