Why is Honda India falling/rising?

As of 10-Jul, Honda India Power Products Ltd's stock price is rising, currently at 3,116.50, reflecting an increase of 83.05 (2.74%). The stock has shown strong performance recently, gaining 2.88% over the last two days and outperforming its sector by 2.62%. It has also touched an intraday high of Rs 3,251, indicating positive momentum. Over the past week, the stock has increased by 5.56%, while its year-to-date return stands at 9.90%. Despite these gains, the stock has faced challenges, including a significant decline in delivery volume, which fell by 57.06% compared to the five-day average. The company has recently reported positive quarterly results after a series of negative quarters, with substantial growth in profit before tax and net sales, which may have contributed to the recent price increase.
In the broader market context, Honda India has outperformed the Sensex, which has remained relatively flat with a change of -0.06% over the past week. While the stock has shown positive short-term returns, it has underperformed over the past year, with a decline of 23.88% compared to the Sensex's gain of 4.09%. This long-term underperformance, coupled with a high price-to-book ratio and declining net sales growth over the past five years, raises concerns about the stock's valuation and future growth potential. Despite the recent positive results, the overall sentiment remains cautious due to the company's historical performance and market conditions.