Why is Motherson Wiring falling/rising?

As of 18-Jul, Motherson Sumi Wiring India Ltd's stock price is currently at Rs 43.78, reflecting an increase of 1.28 (3.0%). The stock has shown a positive trend today, having gained after two consecutive days of decline, and opened with a gain of 2.82%. It reached an intraday high of Rs 44.8, marking a 5.41% increase. Over the past week, the stock has outperformed the sector by 4.1%, with a weekly return of +4.54%. However, it is trading below its moving averages across various time frames, indicating a potential weakness. Despite a significant drop in delivery volume, which fell by 48.86% against the 5-day average, the stock maintains strong long-term fundamentals, including a high return on equity (ROE) of 37.69% and a low debt-to-equity ratio, making it attractive for long-term investors.
In the broader market context, Motherson Sumi Wiring's recent performance contrasts with the Sensex, which has declined by 0.90% over the past week. While the stock has generated a return of +9.86% over the past month, it has underperformed the benchmark over the last year, with a return of -10.73% compared to the Sensex's +0.51%. This consistent underperformance against the benchmark over the last three years raises concerns, despite the stock's strong institutional holdings at 26.36%. The overall market sentiment appears to be cautious, as indicated by the falling investor participation and the stock's recent volatility, which could be influencing its price movements.