Why is Honda India falling/rising?

As of 08-Jul, Honda India Power Products Ltd is experiencing a decline in its stock price, currently at 3,029.35, reflecting a decrease of 5.75 points or 0.19%. The stock has shown a trend reversal, falling after two consecutive days of gains. Despite this, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive short-term trend. The stock has delivered a return of 3.49% over the past week and 3.74% over the past month, although it has significantly underperformed over the past year with a decline of 26.09%. Positive factors include a low debt-to-equity ratio and a recent declaration of positive quarterly results after six consecutive negative quarters, which may have contributed to recent investor interest.
In the broader market context, while Honda India has shown some resilience in the short term, it has underperformed compared to the benchmark Sensex, which has returned 0.02% over the past week and 1.85% over the past month. The stock's long-term growth prospects are concerning, with net sales declining at an annual rate of -1.32% and operating profit at -1.37% over the last five years. Additionally, the stock is trading at a premium relative to its peers, with a price-to-book value of 3.8, which may deter potential investors. Overall, despite some positive short-term indicators, the long-term outlook remains challenging, contributing to the current price decline.