Why is Honda India falling/rising?

As of 24-Jun, Honda India Power Products Ltd is experiencing a price increase, currently at Rs 2,891.60, reflecting a rise of Rs 175.7 or 6.47%. Today's performance indicates a significant turnaround, as the stock has gained after three consecutive days of decline. It opened with a notable gap up of 6.78% and reached an intraday high of Rs 2,996.75, marking a 10.34% increase. The stock has outperformed its sector by 4.89%, and there has been a rise in investor participation, with delivery volume increasing by 22.27% compared to the five-day average. Despite a poor long-term growth outlook, with net sales and operating profit declining over the past five years, the company recently reported positive quarterly results, which may have contributed to the current upward movement.
In the broader market context, Honda India has shown a short-term return of 3.28% over the past week, significantly outperforming the Sensex, which only increased by 0.58% during the same period. However, the stock has underperformed over the longer term, with a year-to-date return of 1.97% compared to the Sensex's 5.01%. This disparity highlights the stock's challenges, as it has generated a negative return of -22.34% over the past year while the broader market has seen positive growth. Despite these long-term concerns, the recent positive quarterly results and the stock's current momentum may be influencing investor sentiment positively in the short term.