Why is Enkei Wheels falling/rising?

As of 15-Sep, Enkei Wheels India Ltd's stock price is currently at Rs 484.00, reflecting a decrease of Rs 2.25 or 0.46%. The stock has underperformed its sector today, with a performance lag of 1.62%. It opened with a gain of 4.27%, reaching an intraday high of Rs 507, but subsequently fell to a low of Rs 469.6, indicating volatility within the trading day. Over the past week, the stock has shown a slight decline of 0.01%, and its year-to-date performance is significantly negative at -28.32%. The company's return on capital employed (ROCE) is low at 6.2, and its profits have drastically fallen by 179.7% over the past year, contributing to a weak long-term fundamental outlook. Additionally, the stock's delivery volume has decreased by 80.2%, suggesting a decline in investor interest.
In the broader market context, the Sensex has gained 1.24% over the past week, contrasting sharply with Enkei Wheels' performance. This underperformance is further highlighted by the stock's negative returns over various periods, including -27.79% in the last year, which is significantly worse than the benchmark's -1.33% return. The lack of domestic mutual fund investment, which stands at 0%, indicates a lack of confidence in the stock's valuation and business prospects. Overall, the combination of poor financial performance, declining investor participation, and a stark contrast to the broader market trends suggests that Enkei Wheels is facing significant challenges, leading to its current price decline.