Why is Wheels India falling/rising?

As of 16-Jul, Wheels India Ltd. is experiencing a rise in its stock price, currently at 812.85, reflecting an increase of 17.3 points or 2.17%. The stock has outperformed its sector by 2.29% today and has shown consecutive gains over the last two days, with a total return of 2.33% during this period. It has also reached an intraday high of Rs 817.5. The stock is trading above its moving averages across various time frames, indicating positive momentum. Despite a -4.48% return over the past year, the company has demonstrated strong financial performance with positive results for the last five consecutive quarters, a high return on capital employed, and a low debt-equity ratio, which contribute to its attractive valuation.
In the broader market context, Wheels India has outperformed the Sensex over the past week and month, with returns of +0.98% and +8.08%, respectively, while the Sensex has declined by -1.08% and increased by only +1.02%. However, the stock has underperformed against the benchmark over the longer term, particularly in the last three years. The company faces risks such as a high debt-to-EBITDA ratio and low long-term growth, which could impact investor sentiment. Nonetheless, the recent positive financial indicators and rising investor participation appear to be driving the stock's current upward movement.