Why is Bajaj Auto falling/rising?

As of 25-Jul, Bajaj Auto Ltd. is experiencing a decline in its stock price, currently at Rs 8,074.50, which reflects a decrease of Rs 205.5 or 2.48%. The stock has underperformed its sector by 0.9% today and has been on a downward trend for the last two days, accumulating a total drop of 3.73% during this period. Additionally, the stock has shown negative returns over various time frames, including a 1-week decline of 3.31% and a year-to-date drop of 8.26%. Despite strong long-term fundamentals, such as a healthy average Return on Equity (ROE) of 21.99% and significant institutional holdings at 22.39%, the stock's recent performance has been adversely affected by its trading below all key moving averages and a recent increase in trading volume at lower price levels.
In the broader market context, Bajaj Auto's short-term performance has been notably weaker compared to the benchmark Sensex, which has only declined by 0.36% over the past week. This stark contrast highlights the stock's underperformance, particularly as it has fallen more than the benchmark in both the 1-week and 1-month periods. While the company's strong fundamentals and significant market capitalization suggest potential for recovery, the current market sentiment appears to be negative, contributing to the stock's recent price decline.