Why is Hero MotoCorp falling/rising?

As of 11-Aug, Hero MotoCorp Ltd. is currently priced at 4,560.85, reflecting a decrease of 37.05 points or 0.81%. The stock has been underperforming its sector, with a performance today that is down by 1.05%. It has experienced consecutive declines over the last two days, resulting in a total drop of 2.12%. Despite this recent downturn, Hero MotoCorp is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally strong position over a longer timeframe. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 10.96% and a low debt-to-equity ratio, contributing to its strong fundamentals. However, the stock has underperformed the market over the past year, with a return of -12.40%, which is significantly worse than the broader market's decline of -1.85%.
In the broader market context, Hero MotoCorp's short-term performance contrasts with the benchmark, as it has gained 0.58% over the past week while the Sensex has fallen by 0.51%. Despite the recent price drop, the company maintains a high dividend yield of 3.59% and strong institutional holdings at 54.88%, which suggests confidence from larger investors. However, the falling investor participation, as indicated by a decrease in delivery volume, may signal waning interest among retail investors. Overall, while Hero MotoCorp has solid fundamentals and a favorable long-term outlook, its recent price decline reflects both sector underperformance and broader market challenges.