Why is Motherson Wiring falling/rising?

As of 09-Jul, Motherson Sumi Wiring India Ltd is experiencing a slight increase in its stock price, currently at 64.82, reflecting a change of 0.22 or 0.34% upward. The stock has shown strong performance recently, gaining 7.5% over the last three days and outperforming the Sensex with a 1-week return of 8.90% compared to the benchmark's 0.15%. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. However, it has underperformed its sector by 0.35% today. The company benefits from strong long-term fundamentals, including a high return on equity (ROE) of 37.69% and healthy growth in net sales, although it has faced challenges with a -10.42% return over the past year.
In the broader market context, Motherson Sumi Wiring's short-term performance has significantly outpaced the Sensex, which has only seen a 1.32% increase over the past month. Despite this positive short-term trend, the stock has consistently underperformed against the benchmark over the last three years, raising concerns among investors. The high institutional holdings at 26.36% suggest confidence from larger investors, which may provide some stability. However, the stock's recent gains are tempered by its historical underperformance and a flat result in March 2025, indicating potential risks that could affect future price movements.