Why is Enkei Wheels falling/rising?

As of 11-Sep, Enkei Wheels India Ltd is experiencing a decline in its stock price, currently at Rs 485.00, which reflects a decrease of Rs 4.0 or 0.82%. The stock's performance today is in line with its sector, and it is currently 4.07% away from its 52-week low of Rs 465.25. In terms of moving averages, the stock is higher than the 5-day and 20-day averages but lower than the 50-day, 100-day, and 200-day averages. Over the past week, the stock has shown a modest gain of 1.25%, although it has declined by 2.80% over the past month and has a year-to-date drop of 28.17%. Notably, there has been a rise in investor participation, with delivery volume increasing by 51.85% against the 5-day average, indicating a potential interest in the stock despite its overall downward trend.
In the broader market context, Enkei Wheels' short-term performance has outpaced the benchmark Sensex, which has increased by 1.03% over the past week. However, the stock has significantly underperformed the benchmark over longer periods, with a year-to-date decline of 28.17% compared to the Sensex's gain of 4.36%. This disparity suggests that while there may be some short-term interest, the overall sentiment towards Enkei Wheels remains cautious, likely influenced by its substantial losses over the year and the lack of available positive factors to counterbalance its negative performance.