Why is Hyundai Motor I falling/rising?

As of 12-Jun, Hyundai Motor India Ltd's stock price is rising, currently at 1,955.95, reflecting an increase of 22.95 or 1.19%. The stock has shown strong performance recently, with a 6.53% increase over the past week and an 11.35% rise over the last month, significantly outperforming the Sensex, which has seen a mere 0.31% increase in the same week and a decline of 0.90% over the month. Additionally, the stock is trading above all its moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 56% compared to the 5-day average. The company's strong fundamentals, characterized by a high return on equity (ROE) of 46.36% and healthy growth in net sales and operating profit, support its upward movement despite a recent flat profit performance.
In the broader market context, Hyundai Motor India Ltd's recent gains stand in stark contrast to the benchmark Sensex, which has only increased by 4.55% year-to-date. This indicates that the stock is not only performing well in the short term but also has a solid long-term outlook, as evidenced by its fair valuation and low debt-to-equity ratio. The stock's ability to rise despite a decline in investor participation suggests that it is driven by strong fundamentals rather than market speculation. Overall, the combination of positive stock-specific factors and a favorable comparison to the broader market contributes to the stock's upward trajectory.