Why is Wheels India falling/rising?

As of 22-Sep, Wheels India Ltd. is currently priced at Rs 790.60, reflecting a decline of Rs 17.5 or 2.17%. The stock has underperformed its sector by 2.06% today and has experienced consecutive losses over the last two days, totaling a drop of 3.28%. Despite a positive long-term growth outlook, with operating profit increasing at an annual rate of 74.45% and consistent positive results over the last six quarters, the stock's recent performance is hindered by a high Debt to EBITDA ratio of 3.42 times, indicating a low ability to service debt. Additionally, while the stock has generated a modest return of 0.84% over the past year, its profitability per unit of shareholders' funds remains low, as evidenced by an average Return on Equity of 7.47%.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has risen by 0.46% over the past week, while Wheels India has only increased by 0.18%. Over the past month, however, the stock has outperformed the Sensex, gaining 4.88% compared to the benchmark's 1.05%. The recent decline in stock price, coupled with the company's liquidity being adequate for trading, suggests that investor sentiment may be cautious due to the high debt levels and low profitability metrics, despite the company's strong growth in operating profit and attractive valuation compared to peers.