Why is Motherson Wiring falling/rising?

As of 20-Aug, Motherson Sumi Wiring India Ltd is experiencing a price increase, currently at 42.87, reflecting a change of 0.98 or 2.34% upward. The stock has shown strong performance recently, gaining 13.8% over the past week, outperforming its sector by 2.36%. It has been on a consecutive gain streak for the last four days and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline of 2.08% over the past month and a 9.70% drop over the last year, the company maintains strong long-term fundamentals, evidenced by a high average Return on Equity (ROE) of 37.69% and a low Debt to Equity ratio of 0.07 times. However, recent financial results have shown some weaknesses, including a decrease in profits and the lowest EPS in the last quarter, which may temper investor enthusiasm.
In the broader market context, Motherson Sumi Wiring's recent 13.80% gain over the past week stands in stark contrast to the Sensex, which only increased by 1.64% during the same period. While the stock has underperformed against the benchmark over the last three years and generated negative returns in the past year, its current upward movement suggests a shift in investor sentiment, possibly driven by rising participation and liquidity. The stock's attractive valuation relative to its peers and the potential for long-term growth may also be contributing factors to its recent price rise, despite the challenges it faces in terms of consistent underperformance and flat quarterly results.