Why is Enkei Wheels falling/rising?

As of 19-Sep, Enkei Wheels India Ltd's stock price is currently at Rs 488.00, reflecting an increase of Rs 3.0 or 0.62%. The stock has shown mixed performance recently, with a 1-week return of +0.36%, although it has declined by 1.21% over the past month. Notably, the stock is 4.66% away from its 52-week low of Rs 465.25 and has outperformed its sector by 0.51% today. However, the stock's long-term performance is concerning, with a year-to-date decline of -27.73% and a one-year return of -28.26%. The company's fundamentals are weak, as indicated by a negative profit trend and a high Debt to EBITDA ratio, which may contribute to investor caution.
In the broader market context, the Sensex has increased by 0.88% over the past week, suggesting that while Enkei Wheels has seen a slight uptick, it is underperforming relative to the benchmark. The stock's liquidity appears adequate, with a notable rise in delivery volume, indicating some investor interest. However, the lack of domestic mutual fund investment and the company's negative results over the last four quarters highlight significant concerns regarding its long-term viability, which may overshadow any short-term gains. Overall, despite a minor rise in stock price, the underlying fundamentals and market sentiment suggest a cautious outlook for Enkei Wheels.