Why is Eicher Motors falling/rising?

As of 17-Sep, Eicher Motors Ltd is currently priced at Rs 6,899.50, reflecting a decrease of Rs 50.5 or 0.73%. The stock has recently underperformed its sector, as indicated by its performance today. Despite this decline, Eicher Motors has shown strong returns over various periods, including a 19.71% increase over the past month and a remarkable 42.98% year-to-date. The stock is trading close to its 52-week high, just 0.73% away, and has been performing well against its moving averages, indicating a generally positive trend. However, the stock's recent price drop may be influenced by its flat results in June and a high valuation relative to its peers, as indicated by its Price to Book Value ratio.
In the broader market context, Eicher Motors has outperformed the Sensex over the past week, gaining 1.21% compared to the benchmark's 1.56%. However, the stock's recent decline suggests a temporary setback despite its strong long-term fundamentals, such as low debt and high institutional holdings. The company's ability to generate significant returns and its position as a major player in the sector support its long-term growth potential. Nonetheless, the high valuation and recent flat performance may be causing some investor caution, contributing to the current price movement.