Why is Sharda Motor falling/rising?

As of 17-Jul, Sharda Motor Industries Ltd is currently priced at 1,080.00, reflecting a decrease of 3.95, or 0.36%. The stock has recently experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, it is noteworthy that the stock has outperformed the benchmark Sensex over the past week and month, with returns of 1.33% and 14.29%, respectively. Additionally, the stock is trading above its moving averages across various time frames, indicating a generally positive trend. However, it has underperformed its sector today by 0.55%. The company boasts strong long-term fundamentals, with a robust average Return on Equity (ROE) of 25.69% and significant growth in net sales and operating profit. Despite a negative return of -17.86% over the past year, the company's profits have increased by 5.1%, suggesting underlying strength.
In the broader market context, while Sharda Motor has shown positive short-term performance relative to the Sensex, it has still underperformed the market over the last year, where the BSE500 generated a return of 0.26%. This underperformance may contribute to investor caution, despite the company's strong fundamentals and rising investor participation, as indicated by a 28.35% increase in delivery volume. The stock's premium valuation compared to peers may also be a factor in its recent price movement, as investors weigh the risks associated with its historical performance against its potential for future growth.