Why is Motherson Wiring falling/rising?

As of 08-Jul, Motherson Sumi Wiring India Ltd's stock price is currently at Rs 64.60, reflecting an increase of Rs 2.55 or 4.11%. The stock has shown strong performance today, outperforming its sector by 4.72% and achieving a consecutive gain over the last two days, with a total return of 7.13% during this period. It reached an intraday high of Rs 65.47, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 267.18% compared to the 5-day average. The company is noted for its strong long-term fundamentals, including a high average Return on Equity (ROE) of 37.69% and healthy net sales growth, although it has faced challenges with a -10.13% return over the past year.
In the broader market context, Motherson Sumi Wiring's short-term performance of +8.48% over the past week significantly outpaces the Sensex, which has only increased by 0.02%. Despite its recent gains, the stock has consistently underperformed against the benchmark over the last three years, with a notable decline in returns over the past year. The stock's fair valuation and high institutional holdings suggest a level of confidence among knowledgeable investors, yet the company also faces risks such as flat results in March and a low debtors turnover ratio. Overall, while the stock is experiencing a positive movement currently, it must navigate its historical underperformance and the challenges that have contributed to its recent volatility.