Why is Honda India falling/rising?

As of 06-Nov, Honda India Power Products Ltd's stock price is currently at 2,516.90, reflecting a decrease of 72.6 points or 2.8%. The stock has been underperforming, with a consecutive decline over the last two days, resulting in a total drop of 4.01%. It has also underperformed its sector by 1.64% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has shown poor returns over various periods, including a significant decline of 32.97% over the past year. The company's financials indicate a low growth rate in net sales and operating profit, alongside a high price-to-book value, suggesting that the stock is overvalued compared to its peers.
In the broader market context, Honda India's recent performance contrasts sharply with the benchmark Sensex, which has shown a positive return of 1.86% over the past month. The stock's decline of 8.14% over the same period highlights its struggles in a generally favorable market environment. The falling investor participation, as evidenced by a decrease in delivery volume, further exacerbates the stock's downward trajectory. Despite a high dividend yield of 5.07%, the overall sentiment remains negative due to the company's flat financial results and poor long-term growth prospects, leading to a lack of confidence among investors.