Why is Wheels India falling/rising?

As of 23-Jul, Wheels India Ltd. is currently priced at 815.90, reflecting a decrease of 9.1 points or 1.1%. The stock has been underperforming its sector, with a performance today that is down by 1.87%. It has experienced a consecutive decline over the last two days, totaling a drop of 1.31%. Despite opening with a gain of 2.12% and reaching an intraday high of Rs 842.5, the stock's weighted average price indicates that more volume was traded closer to its low price. In terms of returns, Wheels India has shown a 9.03% increase over the past month and a 21.78% increase year-to-date, although it has only generated a 0.69% return over the past year, which is relatively modest compared to its peers. Positive factors include strong financial results over the last five quarters, with a high return on capital employed and a low debt-equity ratio, but these are tempered by concerns over the company's ability to service its debt and low long-term growth prospects.
Broader Market Context: In the short term, Wheels India has outperformed the benchmark Sensex with a 1-week return of 0.38% compared to the Sensex's 0.11%. However, the stock's recent decline suggests that investor sentiment may be shifting, particularly given the falling delivery volume and the stock's underperformance relative to its sector. While the stock has shown strong performance year-to-date, the recent price drop indicates that investors may be reacting to the company's high debt-to-EBITDA ratio and concerns about long-term growth, which could overshadow its otherwise positive financial indicators.