Why is Eicher Motors falling/rising?

As of 03-Jul, Eicher Motors Ltd is currently priced at 5,705.00, reflecting a decrease of 13.0 points or 0.23%. The stock has recently underperformed its sector by 0.54% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, Eicher Motors has shown strong performance over various periods, with a 1-week return of 1.78% and a year-to-date return of 18.23%, significantly outperforming the benchmark Sensex, which has returned only 6.53% in the same timeframe. The stock is trading above its moving averages, indicating a generally positive trend, although there has been a notable drop in investor participation, with delivery volume decreasing by 38.18% compared to the 5-day average.
In the broader market context, Eicher Motors has outperformed the Sensex over the past year, generating a return of 21.60% compared to the benchmark's 4.07%. This strong performance can be attributed to the company's high management efficiency, evidenced by a return on equity of 17.78%, and healthy long-term growth with net sales increasing at an annual rate of 15.57%. However, the stock is considered expensive with a high price-to-book value of 7.3, which may be causing some investors to reassess their positions. Additionally, while institutional holdings are robust at 41.66%, indicating confidence from larger investors, the recent decline in delivery volumes suggests a potential shift in market sentiment that could be impacting the stock's current price movement.