Why is Sharda Motor falling/rising?

As of 03-Jul, Sharda Motor Industries Ltd is experiencing a price increase, currently at 2,092.90, reflecting a rise of 9.1 points or 0.44%. The stock has shown strong performance in the short term, gaining 11.09% over the last three days and outperforming the Sensex by 11.96% over the past week. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 204.37% compared to the 5-day average. Despite a negative return of -15.36% over the past year, the company demonstrates strong long-term fundamentals, including a healthy average return on equity (ROE) of 25.69% and robust growth in net sales and operating profit.
In the broader market context, while the stock has underperformed the market over the past year, the recent short-term performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.62% in the last week. This suggests that Sharda Motor's recent gains may be driven by specific company strengths rather than overall market trends. The stock's fair valuation and low debt-to-equity ratio further support its attractiveness to investors, despite its previous underperformance relative to the broader market.