Why is Wheels India falling/rising?

As of 25-Jul, Wheels India Ltd. is experiencing a decline in its stock price, currently at Rs 805.00, which reflects a decrease of Rs 10.05 or 1.23%. The stock has been on a downward trend for the last four days, resulting in a total drop of 2.62% during this period. Additionally, the stock's performance over the past week shows a decline of 1.31%, while it has fared better over the past month with a gain of 4.63%. Despite positive financial results over the last five quarters, including a high return on capital employed and a low debt-equity ratio, the stock has underperformed against the benchmark indices, particularly over the last year with a return of -4.25%. The company's high debt to EBITDA ratio and low profitability per unit of shareholders' funds contribute to concerns about its long-term growth potential, which may be impacting investor sentiment.
In the broader market context, the Sensex has shown a slight decline of 0.36% over the past week, indicating that the market is generally experiencing some downward pressure. However, Wheels India Ltd.'s performance has been notably worse in the short term compared to the benchmark, suggesting that specific company-related issues are affecting its stock more severely. The falling investor participation, evidenced by a significant drop in delivery volume, further indicates a lack of confidence among investors, which could be exacerbating the stock's decline. Overall, while the company has demonstrated strong operational metrics, the combination of high debt levels, underperformance against benchmarks, and declining investor interest appears to be driving the stock's recent downward movement.