Why is Honda India falling/rising?

As of 26-Jun, Honda India Power Products Ltd is experiencing a decline in its stock price, currently at Rs 2,917.00, reflecting a decrease of Rs 29.55 or 1.0%. Today's performance indicates that the stock has underperformed its sector by 2.5% and has fallen after two consecutive days of gains. The stock reached an intraday low of Rs 2,875, which is a drop of 2.43%. Despite this decline, Honda India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 34.69% compared to the 5-day average. However, the company has faced challenges, as it has reported a poor long-term growth rate in net sales and operating profit over the last five years, alongside a significant decline in profits over the past year.
In the broader market context, Honda India has shown a 1-week return of +6.07%, which is significantly higher than the Sensex's +2.94% for the same period. However, over the past year, the stock has underperformed the market, generating a return of -22.32% compared to the Sensex's +6.46%. This stark contrast highlights the stock's struggles despite some recent positive results, such as the highest quarterly net sales and operating profit in March 2025 after six negative quarters. The company’s high price-to-book value and low return on equity suggest that it is trading at a premium compared to its peers, which may contribute to investor caution and the stock's current downward trend.