Why is Wheels India falling/rising?

As of 03-Jul, Wheels India Ltd. is currently priced at 802.00, reflecting a decrease of 5.9 points or 0.73%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.9%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.95% and 6.79%, respectively. However, it is noteworthy that the stock has underperformed its sector by 1.78% today, and there has been a significant drop in investor participation, with delivery volume decreasing by 66.55% compared to the five-day average. While the company has reported positive results over the last five quarters, including a strong return on capital employed and a favorable debt-equity ratio, the high debt to EBITDA ratio and low long-term growth potential may be contributing to investor concerns, leading to the recent price decline.
In the broader market context, Wheels India has outperformed the Sensex over the past week and month, but it has lagged behind the benchmark on a year-to-date basis, with a return of 19.70% compared to the Sensex's 6.53%. This indicates that while the stock has shown resilience in the short term, the recent price drop may be a reaction to broader market sentiments or specific company risks. The stock's performance over the past year has been negative at -6.55%, contrasting with the Sensex's positive return of 4.07%, which may further influence investor sentiment and contribute to the current price movement.