Why is Bajaj Auto falling/rising?

As of 10-Sep, Bajaj Auto Ltd. is experiencing a decline in its stock price, currently at Rs 9,235.00, which reflects a decrease of Rs 143.9 or 1.53%. The stock has been losing value for the last two days, with a total drop of 2.2% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 1.30% and 12.34%, respectively. Key factors influencing the stock include strong long-term fundamentals, such as a healthy average Return on Equity (ROE) of 21.03% and a low Debt to Equity ratio. However, the stock is also facing challenges due to negative results reported in June, which included the lowest operating profit to interest ratio and a high interest expense, contributing to its expensive valuation compared to peers.
In the broader market context, Bajaj Auto's short-term performance has outpaced the benchmark Sensex, which has returned 1.06% over the past week. However, the stock has underperformed over the last year, with a return of -16.06%, significantly worse than the market's decline of -0.61%. This underperformance, coupled with the company's recent negative financial results and high institutional holdings, suggests that while there is strong long-term potential, current investor sentiment may be cautious, leading to the recent decline in stock price.