Why is Sharda Motor falling/rising?

As of 04-Jul, Sharda Motor Industries Ltd is experiencing a price increase, currently at 1,052.60, reflecting a rise of 6.15 (0.59%). The stock has shown a strong performance recently, gaining 11.74% over the last four days, and it reached an intraday high of Rs 1079.95. Despite trading below its moving averages, the stock has seen increased investor participation, with delivery volume rising by 75% compared to the five-day average. While the stock has underperformed over the past year with a return of -18.67%, it has strong long-term fundamentals, including a healthy growth rate in net sales and operating profit, which supports its recent upward movement.
In the broader market context, Sharda Motor's short-term return of +10.00% over the past week significantly outperforms the Sensex, which has declined by 0.74% in the same period. This contrast highlights the stock's relative strength despite its longer-term underperformance compared to the broader market, where the BSE500 has generated returns of 2.13% over the last year. The company's solid fundamentals, including a high return on equity and low debt-to-equity ratio, contribute to its attractiveness, even as it navigates challenges from previous flat results and a recent history of negative returns.