Why is Hyundai Motor I falling/rising?

As of 27-Jun, Hyundai Motor India Ltd's stock price is rising, currently at 2,192.65, reflecting an increase of 67.25 or 3.16%. The stock has recently reached a new 52-week and all-time high of Rs. 2214, demonstrating strong performance with a 9.30% gain over the past week and a 16.50% increase over the past month. Despite a significant drop in delivery volume, which fell by 84.7% against the 5-day average, the stock has been gaining for the last four days, with a total return of 9.89% during this period. The company's strong long-term fundamentals, highlighted by an average return on equity (ROE) of 46.36% and healthy growth in net sales and operating profit, support its upward movement, although profits have declined by 8% over the past year.
In the broader market context, Hyundai Motor India Ltd has outperformed the benchmark Sensex, which has only risen by 2.00% over the past week and 3.07% over the past month. The stock's year-to-date return of 21.54% also significantly exceeds the Sensex's 7.58% during the same period. This strong performance indicates investor confidence in the company's fundamentals despite some recent challenges, such as flat results in March and declining delivery volumes. Overall, the stock's positive trajectory appears to be driven by its solid financial health and favorable market conditions relative to the benchmark.