Why is Wheels India falling/rising?

As of 30-Sep, Wheels India Ltd. is experiencing a price increase, currently at 913.45, reflecting a rise of 14.15 or 1.57%. The stock has recently hit a new 52-week high of Rs. 932.75 and has shown strong performance, gaining 5.78% over the last two days. It has outperformed its sector by 2.19% today and is trading above all key moving averages, indicating positive momentum. The stock's performance over various periods has been impressive, with a 24.42% increase over the past month and a 36.34% rise year-to-date, while the company has reported healthy long-term growth with a significant annual operating profit increase of 74.45%. Additionally, the company has posted positive results for the last six consecutive quarters, contributing to investor confidence.
In the broader market context, Wheels India has significantly outperformed the benchmark Sensex, which has declined by 2.23% over the past week, while the stock has risen by 12.70%. This trend continues over the past year, where the stock has generated a return of 19.25% compared to the Sensex's negative return of 4.78%. Despite some risks, such as a high Debt to EBITDA ratio and a relatively low Return on Equity, the stock's attractive valuation and strong profit growth have bolstered investor interest, leading to increased participation and liquidity in trading.