Why is Enkei Wheels falling/rising?

As of 12-Sep, Enkei Wheels India Ltd's stock price is currently at Rs 486.25, reflecting an increase of Rs 1.25 or 0.26%. The stock opened with a significant gain of 7.22% today, reaching an intraday high of Rs 520, but it remains 4.32% away from its 52-week low. Despite this positive movement, the stock has underperformed its sector by 0.48% today and has shown a negative return of -28.80% over the past year, with profits declining by 179.7%. The company has also reported weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 6.2 and a high Debt to EBITDA ratio of 3.50 times, which may contribute to investor caution.
In the broader market context, the stock's short-term performance over the past week shows a return of +1.41%, which is slightly below the benchmark Sensex's return of +1.48%. While the stock has seen a rise today, its overall performance has been lackluster compared to the benchmark and its peers, particularly over the last year and three years. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further highlighting the challenges it faces in both short-term and long-term growth.