Why is Honda India falling/rising?

As of 03-Jul, Honda India Power Products Ltd is experiencing a slight decline in its stock price, currently at Rs 2,952.40, reflecting a decrease of -5.75 or -0.19%. The stock has traded in a narrow range today, with a delivery volume that has fallen by 22.53% compared to the 5-day average, indicating a decrease in investor participation. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests some underlying strength. However, the company has faced challenges, as evidenced by its long-term growth metrics, with net sales and operating profit declining at annual rates of -1.32% and -1.37% over the past five years, respectively. Although the company reported positive results in March 2025 after six consecutive negative quarters, the stock has underperformed significantly over the past year, generating a return of -21.77% compared to the market's positive performance.
In the broader market context, Honda India has shown a short-term return of +1.21% over the past week, outperforming the Sensex, which has declined by -0.62%. However, the stock's performance over the last month has been flat at -0.13%, while the Sensex has gained +3.10%. This underperformance is compounded by the fact that the stock has generated negative returns over the past year, contrasting sharply with the BSE500's return of +2.20%. The company's expensive valuation, indicated by a Price to Book Value of 3.7, and a return on equity of 9.8, further complicate its attractiveness to investors, especially given the recent decline in profits by -10.4%.