Why is Wires & Fabriks falling/rising?

As of 17-Jul, Wires & Fabriks (S.A) Ltd is experiencing a decline in its stock price, currently at Rs. 249.80, which represents a decrease of 12.2 points or 4.66%. Today, the stock opened with a gain of 4.18% and reached a new 52-week high of Rs. 272.95 before falling to its current price. Despite a strong performance over the past year, with a return of 43.94%, the stock has underperformed its sector by 4.83% today and has seen a trend reversal after two consecutive days of gains. The company has attractive valuations with a return on capital employed (ROCE) of 4.7, but it also faces challenges such as a high debt-to-EBITDA ratio and weak long-term growth, which may be contributing to the recent price decline. In the broader market context, Wires & Fabriks has outperformed the Sensex over various periods, including a 19.64% return over the past month compared to the benchmark's 0.83%. However, the stock's recent performance today contrasts with this trend, as it has fallen significantly despite positive investor participation, indicated by a 64.61% increase in delivery volume. The stock's liquidity remains adequate, but the combination of weak long-term fundamentals and negative financial ratios may be causing investors to reassess their positions, leading to the current price drop.