Why is Honda India falling/rising?

As of 04-Jul, Honda India Power Products Ltd is experiencing a price increase, currently at Rs 2,981.00, reflecting a rise of 28.6 points or 0.97%. The stock has shown a positive performance today, outperforming its sector by 0.94% and reaching an intraday high of Rs 3,100, which is a 5% increase. Over the past week, the stock has gained 2.26%, while its one-month return stands at 2.15%. However, despite these short-term gains, the stock has underperformed significantly over the past year with a decline of 27.29%. The company recently reported positive quarterly results after six consecutive negative quarters, with net sales reaching Rs 268.68 crore and the highest operating profit margin at 16.15%. Nevertheless, the long-term growth outlook remains poor, with a negative annual growth rate in net sales and operating profit over the last five years.
In the broader market context, while Honda India has shown some short-term resilience, the benchmark Sensex has generated a return of 3.01% over the past month, indicating that the stock is still lagging behind the market. The stock's performance is further complicated by a low return on equity of 9.8 and a high price-to-book value of 3.7, suggesting that it is trading at a premium compared to its peers. Additionally, a significant drop in investor participation, with delivery volume falling by 61% against the five-day average, raises concerns about liquidity and sustained interest in the stock. Overall, while there are some positive indicators in the short term, the long-term challenges and recent underperformance relative to the market suggest a cautious outlook.