Why is Hero MotoCorp falling/rising?

As of 05-Sep, Hero MotoCorp Ltd. is experiencing a slight increase in its stock price, currently at 5,362.45, reflecting a change of 10.45 or 0.2% upward. The stock has shown strong performance recently, gaining 7.3% over the last nine days, although it underperformed its sector by 0.8% today. In terms of returns, the stock has outperformed the Sensex over the past week and month, with increases of 5.29% and 18.06%, respectively. The company benefits from strong fundamentals, including a low debt-to-equity ratio and high profitability, with a return on capital employed averaging 32.68%. Additionally, it has a high institutional holding of 54.88%, indicating confidence from larger investors.
Broader Market Context: The broader market context shows that while Hero MotoCorp has performed well in the short term, the Sensex has only increased by 1.13% over the past week and remained flat over the past month. This suggests that the stock's recent gains are not solely driven by overall market trends but rather by the company's specific strengths and positive financial results, including a significant growth in profit before tax and a healthy return on equity. Despite a year-over-year decline of 6.50% in stock price, the company's profits have risen by 23.5%, indicating a potential undervaluation that may attract further investor interest.