Why is Munjal Showa falling/rising?

As of 11-Jul, Munjal Showa Ltd. is experiencing a price increase, currently at Rs 150.50, reflecting a rise of 4.0 or 2.73%. The stock has shown positive performance today, outperforming its sector by 3.41%, and reached an intraday high of Rs 153.4, marking a 4.71% increase. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of +6.14% and +5.39%, respectively. However, despite these short-term gains, the stock has a negative one-year return of -5.94%, and its profits have decreased by -9.9%. The company maintains a low Debt to Equity ratio and a fair valuation, but it is trading at a premium compared to its peers, which may affect investor sentiment.
In the broader market context, while Munjal Showa has shown positive short-term returns, the Sensex has declined by -1.12% over the past week and remained nearly flat over the past month. This indicates that the stock's recent rise is occurring in a challenging market environment. The stock's liquidity is adequate for trading, but falling investor participation, with a significant drop in delivery volume, suggests a potential lack of confidence among investors. Furthermore, the low stake held by domestic mutual funds may indicate that institutional investors are cautious about the stock's valuation and long-term growth prospects, which could weigh on future performance.