Why is Wheels India falling/rising?

As of 18-Jul, Wheels India Ltd. is experiencing a price increase, currently at 815.65, reflecting a change of 8.15 or 1.01% upward. The stock has outperformed its sector by 2.1% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 2.40%, and over the past month, it has increased by 8.74%. Despite a 1-year return of -3.47%, the company has shown strong performance in recent quarters, with positive results for the last five quarters, a high return on capital employed (ROCE) of 16.30%, and a low debt-equity ratio of 0.80 times. However, the stock's high debt to EBITDA ratio of 3.42 times and low long-term growth rate of net sales at 12.17% over the last five years present risks that could impact its future performance.
In the broader market context, Wheels India has outperformed the Sensex, which has declined by 0.90% over the past week, while the stock has gained. Year-to-date, Wheels India has achieved a return of 21.74%, significantly higher than the Sensex's 4.63%. This strong performance relative to the benchmark, combined with rising investor participation and attractive valuations compared to peers, suggests that the stock's recent upward movement is supported by positive investor sentiment and financial fundamentals, despite the risks associated with its debt levels and historical underperformance over the longer term.