Why is Maruti Sec. falling/rising?

As of 30-Jun, Maruti Securities Ltd is experiencing a price increase, currently at Rs 43.52, which reflects a rise of Rs 1.52 or 3.62%. Today's price summary indicates that the stock has outperformed its sector by 3.1% and has gained after two consecutive days of decline. Despite opening with a loss of 4.76%, the stock reached an intraday high of Rs 44.19, indicating volatility with a wide trading range of Rs 4.19. However, the stock's performance over the past week and month shows declines of 0.23% and 22.62%, respectively, while it has significantly outperformed the benchmark Sensex over a three-year period with a return of 969.29%. The company faces challenges due to a negative book value and weak long-term fundamentals, which may contribute to investor caution despite the recent price increase.
In the broader market context, the Sensex has shown a positive return of 2.09% over the past week and 2.65% over the past month, contrasting with Maruti Securities' recent struggles. While the stock has seen rising investor participation, with a notable increase in delivery volume, its long-term growth prospects remain uncertain due to flat results and declining profits. This combination of short-term volatility and long-term concerns may create a mixed sentiment among investors, influencing the stock's recent upward movement against a backdrop of broader market gains.