Why is Wheels India falling/rising?

As of 08-Jul, Wheels India Ltd. is currently priced at 802.60, reflecting a decrease of 1.4 points or 0.17%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 2.07%. Despite this recent drop, the stock has shown a positive performance over the past month, with a return of 7.13%, although it has underperformed against the benchmark Sensex in the last week with a decline of 2.83%. Key factors influencing the stock's movement include a significant decrease in investor participation, as evidenced by a 57.98% drop in delivery volume 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, it also faces challenges such as a high debt-to-EBITDA ratio and poor long-term growth prospects, which may be contributing to the stock's recent volatility.
In the broader market context, the stock's short-term performance has lagged behind the Sensex, which has remained relatively stable with a slight increase of 0.02% over the past week. Although Wheels India has outperformed its sector today by 0.44%, the overall trend shows a consistent underperformance against the benchmark over the last three years, with a year-to-date return of 19.79% compared to the Sensex's 7.13%. This underperformance, coupled with the company's low profitability metrics and high debt levels, may be causing investor hesitation, impacting the stock's price negatively despite its attractive valuation relative to peers.