Why is Honda India falling/rising?

As of 01-Jul, Honda India Power Products Ltd is experiencing a decline in its stock price, currently at 2,927.15, reflecting a decrease of 29.85 points or 1.01%. Despite this drop, the stock has shown some positive indicators, such as trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 31.65% compared to the 5-day average. However, the stock has underperformed over the past year, with a return of -21.62%, while the broader market has seen a gain of 5.31%. The company recently reported positive quarterly results after a series of negative quarters, but its long-term growth remains a concern due to declining net sales and operating profit over the past five years.
In the broader market context, Honda India’s short-term performance of +1.23% over the past week is below the benchmark Sensex, which has increased by 2.00% in the same period. This underperformance is indicative of the stock's struggles, particularly given its negative returns over the last year compared to the market's positive trajectory. The company's low debt-to-equity ratio and recent positive quarterly results may provide some support, but the overall expensive valuation and declining profitability suggest that investors remain cautious. The combination of these factors contributes to the current downward pressure on the stock price.