Why is Honda India falling/rising?

As of 30-Jun, Honda India Power Products Ltd's stock price is rising, currently at 2,957.00, reflecting an increase of 41.8 or 1.43%. The stock has shown a positive trend today, outperforming its sector by 0.68% and reversing a two-day decline. It opened with a significant gain of 9.42% and reached an intraday high of Rs 3189.95. Despite high volatility, the stock is trading above its moving averages across various time frames. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly. The company recently reported positive quarterly results after a series of negative quarters, with net sales and operating profit reaching their highest levels, which may have contributed to the stock's upward movement. Nonetheless, the long-term growth outlook remains poor, with negative annual growth rates in net sales and operating profit over the past five years.
In the broader market context, Honda India has outperformed the benchmark Sensex in the short term, with a 1-week return of 8.88% compared to the Sensex's 2.09%. However, the stock has underperformed over the past year, generating a return of -21.12% while the broader market has seen a positive return of 5.79%. This disparity highlights the stock's struggles despite recent positive developments. The company's high valuation relative to its peers and declining profits further complicate its long-term prospects, suggesting that while the stock may be experiencing a temporary rise, significant challenges remain that could impact its future performance.